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What Happens When You Don’t Qualify for Free Solar? (In DC)
What Happens When You Don’t Qualify for Free Solar? (In DC)
At Smartr Solar, we understand that the promise of free solar is an exciting opportunity for many homeowners in Washington, DC. Unfortunately, not everyone qualifies for free solar due to various factors such as credit score, roof condition, or other qualifications set by solar programs. But that doesn't mean you’re out of options! In fact, there are still great ways to tap into the savings solar power provides, even if you don't meet the criteria for free solar installation.
Here’s what you need to know about your options when you don’t qualify for free solar.
1. Monetized Power Purchase Agreement (PPA) – Solar Savings with No Upfront Cost
One of the best alternatives to free solar is a monetized Power Purchase Agreement (PPA). With this option, you can still enjoy the benefits of solar power without the hefty upfront installation cost. Here’s how it works:
- No Upfront Costs: We install a solar power system on your roof with zero upfront investment from you.
- Discounted Energy Rates: You purchase the solar electricity generated by the system at a rate that’s lower than what you’re paying PEPCO for grid electricity. Even though it’s not free, it’s cheaper than your current energy bill.
- Predictable Energy Costs: Solar power rates are typically more stable than utility rates, which means you’ll avoid unexpected price hikes in your electricity bill.
This option offers you immediate savings, even though the long-term savings might not be as substantial as with free solar. The key advantage is that you’re still paying less than you would for traditional electricity.
2. Low-Interest Solar Loans
If you’d prefer to own your solar system but can’t afford the full upfront cost, a low-interest solar loan might be a great option for you. This type of loan allows you to finance your system over time while still reaping the benefits of solar savings:
- No Upfront Investment Required: Like a PPA, there’s no immediate outlay, but the key difference is that with a loan, you own the system outright after you pay it off.
- Maximize Your Savings: Once the loan is paid off, you’ll enjoy nearly free electricity from your solar panels for the remainder of the system’s lifespan.
- Increased Property Value: Since you’ll own the system, it can add to the resale value of your home.
3. Roof, Shade, or Home Upgrades
Sometimes, homeowners don’t qualify for free solar due to the condition of their roof, shading from nearby trees or buildings, or outdated electrical systems. These factors can affect the overall efficiency of a solar power system, but don’t worry – we’re here to guide you. It's important not to assume your property isn't a good fit for solar based on these factors alone. Always consult with our team of experts at Smartr Solar so that we can evaluate your situation and create a personalized solution for you.
- Roof Upgrades: If your roof is old or damaged, upgrading it can ensure a long-lasting, efficient solar installation and may also improve your home’s overall energy efficiency.
- Shading: Solar panels operate best when they receive maximum sunlight. While significant shade can sometimes reduce the system’s efficiency, it’s essential to let the professionals evaluate the extent of shading. We use advanced solar modeling software to determine whether your property is a good candidate for solar before making any final decisions.
- Electrical Panel Upgrades: An outdated electrical system might not handle the additional load of solar energy. We can assess and, if necessary, recommend upgrading your electrical panel to ensure your home is fully solar-ready.
4. Energy Efficiency Upgrades
Even if you’re not ready to install solar today, you can still save money and reduce your carbon footprint by making your home more energy-efficient. Consider these upgrades:
- LED Lighting
- Energy-Efficient Appliances
- Smart Thermostats
These improvements can lower your overall energy usage, making it easier to transition to solar power down the road.
Conclusion
Not qualifying for free solar doesn’t mean you’re out of options. At Smartr Solar, we offer a variety of solutions to help you save on energy costs, no matter your situation. Our monetized PPA is a great way to start saving right away with no upfront cost, while low-interest loans and home upgrades can set you up for long-term success.
Ready to explore your solar options? Contact Smartr Solar today to learn more about how we can help you save on your energy bills, even if you don’t qualify for free solar!
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