There are several different payment options to make a residential solar system affordable. Many companies offer two or more financing choices to meet their customers’ budgets. Typical financing options include cash payments, solar loans, solar leases, or power purchase agreements (PPAs). Below we compare the different plan options.

A Solar Power Purchase Agreement, or PPA, is a financial arrangement where the customer pays for the electricity generated by the solar system at an agreed-upon rate.

A solar PPA is nearly identical to a solar lease, but with this arrangement, the contract you sign sets a fixed price per kWh, usually lower than what the local utility company charges. With a PPA, the solar leasing companies are fully responsible for the installation and maintenance costs, and you typically don’t pay any upfront fees.

A financing option that will be seen in Alchemy will be a Predictable Payment Power Purchase Agreement backed by Palmetto that locks customers into a fixed monthly payment.

That monthly payment will be based on how much production their system is expected to generate, and will be significantly cheaper than what they’re currently paying their utility company because the price per kWH that the payment is based on will be much cheaper than what their utility company is charging.

Customers can breathe easy knowing that their fixed monthly price is locked in for a full year! At the start of each year, the locked in price will change based on which rate escalator (.99%, 1.99% or 2.99%) they have, and their payment will be reviewed every 3 years (true-up) based on estimated vs. actual energy production. This means that each year the customer knows exactly what the solar part of their energy is going to cost them and will be guaranteed with no surprise bills.

Realizing fast savings

Clear, transparent pricing and confidence that you will achieve savings in the first year.

Safeguarding you from escalating energy rates

Predictable rate with an affordable monthly plan. Pay for the power your system produces at a low solar rate, cheaper than your electric company.

Low risk & comprehensive protection

Predictable monthly payments and 25 years of solar system monitoring, maintenance & protection.

Savings Starting in Year 1

When buying at a competitive rate to the utility, you should begin to see monthly savings within the first year.

Predictable Monthly Payments

You get a predictable rate with an affordable monthly plan. Pay for the power your system produces at a low solar rate, cheaper than your electric company.

25 Years of Protection

Peace of mind protection through Palmetto Protect powered by Omnidian, that covers your solar system for 25 years, eliminating out-of-pocket expenses for repairs and maintenance, including labor.

Lower Energy Costs

With solar you can take more control over your electric costs by locking in a low kWh rate over 25 years.

Performance Guarantee

Clear, transparent confidence that you will achieve monthly savings with full repair & maintenance coverage.

Competitive Buyout Options

Starting at year 5, you can buy your system at fair market value using cash or your financing of choice.

Easy Transfer Options

If you need to sell your home, the new homeowner will benefit from solar savings. You can simply transfer your solar service agreement to the new homeowner, with help from Palmetto.

Investment in Clean Renewable Energy

Palmetto homeowners are on track to prevent more than two million metric tons of carbon dioxide from reaching our atmosphere.