What are the finance options for solar in Stockton?
There are many companies offering zero down payment options, which means that you can install a PV system without having to make a sizeable initial investment. These companies also offer the ability to pay off your system using reasonably low energy bills, which means lower monthly payments.
Residents of California are starting to look into solar energy. In 2016, this figure increased by 37% and it is continuing to grow year after year. For those who wish to make the switch, there are now many financing options like a solar lease and solar PPA that can be paid out over time.
Option 1 is leasing. Purchasing a solar panel system with a lease option is beneficial because you will have to pay on a per month basis rather than paying the whole amount in one go as a down payment.
The second option is PPA. The Solar Power Purchase Agreement (PPA) is a long-term contract, providing solar customers with a predictable monthly payment. Under the agreement, the customer agrees to purchase all of the electricity generated by the solar system for the length of the agreement.
Under a PPA, a third party is contracted to develop, operate, and maintain the PV system on your property, while you simply pay for the energy that it produces. This allows you to make electricity purchases without getting involved in the messy business of maintaining solar panels or worrying about their installation – something that can be time-consuming and expensive.
How much sun does Stockton get on average?
Global horizontal irradiance (GHI) in Stockton has an average of 5.12 kilowatt hours per square meter per day (kWh/m2/day), 12% less than the average 5.80 kWh/m2/day. However, GHI is a useful unit of measurement for solar panel systems size selection.
There are solar installations in Stockton which, on average, produce 5.81 kWh/m2/day, nearly 14% more than the average monthly GHI of 5.12 kWh/m2/day and approximately 0% greater than the average monthly DNI of 5.8 kWh/m2/day.