If you’re considering going solar, this is a must-watch episode! We cover everything you need to know to make an informed decision. From understanding the financial benefits of owning versus leasing, to the nitty-gritty of power purchase agreements and the latest in solar technology, this podcast is packed with valuable information.
Summary with Timestamps:
- Introduction to Solar Experiences [00:00 – 02:07]
We kick things off with personal experiences of using solar energy, including the benefits of having a battery backup during power outages. - Buying vs. Leasing Solar Systems [02:08 – 03:37]
Discover why buying solar panels, even through financing, might be better than leasing. We explore the pros and cons of each option. - Understanding Power Purchase Agreements (PPAs) [03:38 – 05:32]
Learn what a PPA is, and whether it’s the right choice for you. We break down how PPAs work, potential pitfalls, and why they may not always be the best option. - Solar Panel Maintenance and Warranties [05:33 – 07:06]
Get tips on maintaining your solar panels, including the importance of cleaning them and understanding your warranty coverage. - The Role of Solar Brokers and Contractors [07:07 – 10:00]
Insights into how solar brokers operate, the importance of local contractors, and ensuring long-term service and support for your system. - New Solar Technology: Microinverters and Battery Storage [10:01 – 12:07]
We discuss microinverters and their benefits over traditional string inverters, as well as the growing importance of battery storage in solar systems. - The Reality of Solar Savings and Break-Even Points [12:08 – 15:16]
We provide a candid look at realistic expectations for savings with solar, how break-even points have evolved, and the long-term financial benefits. - Solar Panel Lifespan and System Upgrades [15:17 – 18:16]
Learn about the lifespan of solar panels, challenges in upgrading systems, and how to future-proof your solar investment. - Regulatory Challenges and Net Metering Changes [18:17 – 21:00]
A discussion on the impact of recent net metering policy changes, particularly in California, and how they affect solar savings. - The Future of Solar: Bidirectional Charging and Electric Vehicles [21:01 – 24:00]
Explore the future of solar with the rise of bidirectional charging electric vehicles and how this could transform energy storage and consumption. - Tax Credits and Financing Options [24:01 – 28:13]
Everything you need to know about the solar tax credit, who qualifies, and how it can be applied to different financing options. - Common Pitfalls in Solar Contracts and Legal Considerations [28:14 – 33:00]
Tips on avoiding common pitfalls in solar contracts, understanding UCC filings, and potential legal issues when selling a home with solar panels. - Closing Thoughts and How to Connect with Us [33:01 – 35:00]
We wrap up with some final thoughts on the importance of thorough research before going solar.
Watch the Full Podcast Episode:
Links:
- Learn more about Chris Smith and his legal expertise.
- Check out Solarverse for more about their services and solutions.
Want to dive deeper into these topics? Watch the full episode above and don’t hesitate to reach out with any questions!