The Comparisons:

1. No Up-Front Costs: One of the most significant advantages of our PPA program is that homeowners can adopt solar energy without any upfront costs. We’re responsible for covering all installation expenses, thus making solar energy accessible to a broader range of homeowners.

2. Immediate Savings: Homeowners will start saving on their energy bills from day one of the installation with our PPA. Since they pay for the energy produced by the solar panels at a predetermined rate, they can benefit from immediate cost savings without waiting for a return on investment.

3. Price Protection: Our program offers a lower, fixed rate for the electricity generated by the solar panels and provides price protection for the entire span of the agreement.

4. Low Financial Risk: Our program may appeal more as it involves lower financial risk for homeowners. If the PV system underperforms or faces issues, the responsibility for maintenance and repairs lies with us, reducing the financial risk and burden on the homeowner.

5. No Ownership Responsibilities: Homeowners do not bear the responsibilities of ownership, such as maintenance, repairs, or system upgrades. This hands-off approach can be appealing for those who prefer a hassle-free solar solution.

6. Environmental Impact: By opting for solar in either scenario, homeowners contribute to the reduction of carbon emissions and promote the use of clean, renewable energy sources, in turn, making a significant and positive environmental impact.

The Contrasts:

1. Ownership: The homeowner doesn't own the solar panels, however, at the end of the agreement, they have the option to purchase the system or renegotiate the terms.

2. Long-Term Commitment: Although 25 years appears to be a long-term commitment, we try to put emphasis that you are currently in a life-long contract with your utility provider. This may illustrate a PPA as more so an alternative solution opportunity rather a lengthy contract.

3. Less Long-Term Financial Benefits: While homeowners will benefit from immediate savings and are safeguarded from the unpredictability of traditional energy company rate hikes, the long-term financial benefits and increased home value associated with ownership may not be as significant.

The Comparisons:

1. Ownership: Financing allows homeowners to own the solar panels, providing long-term financial benefits, increased home value, and the potential for complete energy independence in the long-run.

2. Federal Incentives: Homeowners may qualify for federal incentives and tax credits, which reduces the overall cost of the solar installation if qualified and if putting said credits towards the loan.

3. Predictable Energy Costs: Financing provides stable, predictable energy costs, allowing homeowners to plan their budgets without worrying about utility rate fluctuations.

4. Increased Home Value: Once the loan has been paid off, having solar has been shown to increase property values, offering a return on investment beyond energy savings.

The Contrasts:

1. Upfront Costs: Financing may require an upfront investment or a commitment to a loan or financing plan. Although it represents an initial financial investment and commitment, this cost will eventually be mitigated by its incentives.

2. Responsibility for Maintenance: As owner of the system, the homeowner is responsible for maintenance costs. While our warranties cover many certain issues, the homeowner should be prepared for potential maintenance expenses and carefully review the contents of their warranty plan chosen. We’re here to help.

3. Potential for System Obsolescence: Over time, technology may advance, and the financed system might become less efficient compared to newer, more advanced solar technologies that a PPA otherwise is in contract to upgrade to.

4. Loan Approval: Approval for a solar loan is subject to creditworthiness, and not everyone may qualify for favorable financing terms.

5. Short-Term Residency: If a homeowner plans to move or relocate in the coming future, the long-term benefits of solar ownership may not be realized. The return on investment often requires several years to offset the initial costs, and selling a home with financing not paid off may certainly not significantly increase its resale value, in comparison to a PPA program, where the system and it’s benefits are transferrable between both parties with out any costs.

It’s important to note that the decision between a solar loan and a solar PPA depends on the homeowner's priorities, financial situation, and preferences. Each option offers unique advantages, and homeowners should carefully evaluate their individual needs to make an informed choice that aligns with both their current and long-term goals.

Ultimately, the deciding factor hinges on a thoughtful evaluation. Our team is here to provide expert guidance, assisting you in determining which solution may prove most effective and beneficial for your specific needs. We firmly believe that, irrespective of the chosen path, the benefits are evident and substantial.

Take advantage of and schedule an in-person or virtual evaluation. No pressure.