Home Tech Trends: A Solar Energy Alternative
Some solar energy companies such as SolarCity, who is the sister company of Tesla Motors, will install rooftop solar systems on your home with an alternative business model.
Rather than selling homeowners the equipment, they design, install, monitor/maintain, and insure the system. The electricity generated is then sold to the homeowner.
It is generally cleaner electricity produced at a cheaper more predictable rate than electricity traditionally purchased through major suppliers.
Homeowners avoid the large, up-front investment of the solar equipment and enjoy solar savings right away. In fairness, the savings are modest, in most cases they will not even cut your bill in half, but there are some savings up front and they continue to grow as the utility company raises their rates at an unpredictable rate.
This is a viable option for homeowners who want to use solar energy but do not want or simply cannot make the upfront investment.
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