California Giving Free Solar Panels

I first mentioned this proposition known formally as a power purchase agreement two years ago.

California giving free solar panels.

Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. But wait that s not all home solar has been shown to add as much as 25 000 to the value of your home that s like money in the bank. If a homeowner decides to buy a system they not only save on energy costs as soon as the system is operational but they also begin to generate profits from the excess energy their system produces and can take advantage of tax credits and grants. Pace financing allows homeowners to finance their pv installation and pay it back through their property taxes.

It s not charity but public policy known as cap and trade a real world solution to dealing with big polluters who can t cut their emissions to acceptable limits. California got 34 of its electricity from renewable sources in 2018 the state s energy commission estimates not counting production from rooftop solar panels which would add several more. You can go solar without paying a cent. But wait that s not all the free solar panels installed on your home are warrantied monitored and maintained by your solar service provider again at no charge to you for as long as 25 years.

In fact on average a purchased home solar system generates. O n 14 days during march arizona utilities got a gift from california. Plus they can sell their srecs solar renewable energy credits to earn even more income. California is giving free solar panels to the poor in order to offset carbon emissions in excess of state quotas big polluters are paying to install rooftop solar panels on the houses of the poor.

A company such as sunrun or. Grid alternatives which has been around for over a decade has long sought to change that balance and the cap and trade is providing the funds to give it some extra muscle. California produced so much solar power on those days that it paid arizona. Thanks to legislation first introduced by senator kevin de león the oakland based non profit grid alternatives plans to give 1 600 free solar panels to california s poorest residents by 2016.

It sounds too good to be true. A leading ca solar tax credit california has a great property assessed clean energy pace offering in many cities and counties known as the home energy renovation opportunity hero financing program.