Mounting solar panels on our roofs have been discussed in the media for decades. However, to date, few owners have installed them – only those who are very enthusiastic and care about the environment.
However, an entirely new business model changed that. A number of companies are now installing photovoltaic cells in riverside CA on their roofs, and homeowners pay monthly rent. Homeowners use the generated solar energy to reduce their dependence on power companies. Rent payments and reduced utility bills are usually lower than the owner's monthly utility bill, which previously used solar power. Homeowners have no upfront costs and reduced monthly electricity bills.
Companies can benefit from a similar type of solar panel installation plan. Solar companies offer contracts to companies to buy energy instead of renting it out. The solar company installed the modules without any prior investment by the company. The panels can be mounted on the roof or, if space is available, in a floor setting.
The company pays solar installers a flat rate for solar energy consumed. This reduces the amount of electricity the company must obtain from the grid. Typically, business customers experience a reduction in their total electricity bill, even if they make payments to the solar installation company.
The company benefits from reduced monthly electricity bills and protection against future electricity tariff volatility. The speed of the sun's electricity is constant and does not change. Reducing interest rate volatility can be very useful when planning profitable deals.