In our last blog we reviewed some questions home owners might ask before delving into options for solar energy. Another topic that comes up frequently is PPA.
What is PPA? PPA is a leased solar system. It stands for Power Purchase Agreement and they are packages that are meant to be very attractive with little or no cost to the consumer up front.
Homeowners, beware! There can be unforeseen circumstances with these kinds of agreements and especially for your roof. Sean Featherstone, Co-President of Castone breaks down the cons of a PPA for you:
It's important to remember that one size doesn't fit all - you don't want any liability for your roof based on adding solar to your home. Our goal as a company is to determine what your energy bill is, get you a new roof or refurbished roof before we install your solar so that you have one warranty for both with one company - and to help you leverage that tax credit. If we can do all of that for under your current PG&E bill, an even break or a little over you can have return of investment after 10 or 15 years and still have another 10 years of profitability.