01/13/2024
What does having "Solar As A Service" entail and how does it work?
A brief exploration into historical origins provides insights into the adaptive nature of the industry, which has now evolved to offer solutions to a wider consumer base.
Interestingly enough, solar cells were actually first developed in 1883 and progress was made in the 1950s.
The pivotal turning point however, came in the 1970s during the energy crisis, driving the need for renewable energy sources, and introducing solar PV systems. This era marked the inception of sustainable practices, notably with the implementation of the Clean Air Act, still regulating air pollution in the United States today.
The past 20 years, financing to own the system has certainly played a crucial role in making solar adoption accessible to homeowners. The Energy Policy Act of 2005 introduced the Investment Tax Credit (ITC), providing a 30% (now 26%) tax credit for residential and commercial solar installations.
Homeowners that finance to own their system could leverage this credit by either applying it to their loan to partially reduce overall costs or using it as a deduction towards their taxes owed for the year. Once the loan is paid off (averaging between 10-20 years), the need to pay for power consumption is potentially eliminated.
While this financing option holds great potential for achieving long-term financial goals, its complexity can't necessarily be overlooked.
It demands a significant commitment and interest from homeowners to fully comprehend the framework of what it entails.
This leaves homeowners to contemplate and navigate through a multitude of factors – from understanding the intricacies of the system to evaluating loan approval, terms, interest rates, system sizes, efficiency, roof space, sun hours, usage, tax credits, knowledgeable CPA's, permitting, proper monitoring, maintenance costs, warranty plans, homeowner insurance policies, future technological advancements, and more.
This understandably, can begin to sound overwhelming.
And you could argue this is the cause of many homeowners, not wanting to delve in to the complicated process.
Recent years have seen a significant surge in rooftop solar adoption through technological advancements, federal mandates, innovative business models, and heightened environmental awareness.
The International Energy Agency (IEA) also announced a statement in the beginning of 2024, projecting that solar energy is to account for nearly the entire growth within the electric power sector moving forward.
Recognizing the evolving needs of homeowners, our company has also evolved. Although still carrying financing as an option, we've also pioneered a revolutionary approach for our industry – "Solar As A Service."
This concept redefines solar adoption, making it accessible to everyone without the burden of any out-of-pocket or up-front expenses, the need for loans, or to take on any additional debt.
In a time marked by rising essential costs, inflation, and high interest rates, this seamless process allows homeowners to contribute to a sustainable future and save money without taking on additional financial strain.
Considering the 21 million U.S. families currently behind in their energy bills and the consistent 8.5% - 14% rise in energy bills annually, a shift to solar as the primary energy provider becomes imperative.
With an immediate average drop of 40% in your bill, coupled with a 25-year price-protection at a mere 2.9% annual rate, the immediate and predictable benefits are substantial. Moreover, the responsibilities and complexities of the system maintenance, monitoring, and tracking rest entirely with us.
In a landscape where homeowners are already burdened with various responsibilities, our commitment has been to simplify the solar adoption process.
Join 850,000+ other homeowners who've made the switch with us. To explore this transformative journey, get a detailed, fair evaluation with our team, and start saving immediately – message us. We're here to inform, guide, and handle the entire process while walking you through every step.
Press the Send Message button, or:
Get Evaluated:
ace-sunrun.com/navigate/evaluation
Learn:
ace-sunrun.com/navigate/learn