Solar Energy World Review Summary

Solar Energy World Review Summary

Solar Energy World was founded in 2009 and is currently headquartered in Elkridge, Maryland. They are the leading solar provider and installer for residential and commercial properties in Maryland and Washington, D.C. They boast more than 1,500 solar installations since 2009 and are the fastest-growing, independently-owned and operated solar company in their areas of operation. Additionally, in 2015, Solar Energy World made the top 10 rank for residential rooftop installations for all of North America and ranked Number 1 in residential solar installations in Maryland by a Maryland based company.

Solar Energy World Expert Review

In this Solar Energy World review, we will be providing you with a wide variety

1. Outright Purchase

Obviously, this is the easiest method of payment they offer. You simply pay for your new system in full or provide your own financing. With this option you will have the opportunity to cash in on Solar Renewable Credits (SRECs), where your solar system will generate income for you. This option will provide you with the greatest and fastest return on your investment with the average return being 125% within 5-7 years. And by the year 2020, a homeowner could expect to see a 500% return on their investment.

2. Solar Panel Lease

Solar Energy World describes this process as similar to leasing a car. You pay monthly to have the panels on your roof and at the end of the lease term, the company removes the panels. This option does not allow you to keep the revenue that's generated by your SRECs, but your new post-solar electric bill be about 40-60% less than your old bill.

3. Power Purchase Agreement

You will have no out of pocket expenses whatsoever. You only pay for the electricity that you use that is generated by your solar system. However, with this option, you will not be able to sell the energy your system produces and sends back to the grid. Additionally, all SREC credits will go to the solar company that owns the panels. This is how they are able to offer you the system for free.

Let's go into this a bit further. With a PPA, the rate you pay for the electricity generated will be less at first; however, most PPA programs have a price per kWh escalator of 2.9% annually. Therefore the price you pay for the electricity you've generated will still go up, but not at the 4.6% annual increase that most utility companies average. That means you will still save on your energy costs.

The PPA option is also very popular among commercial building owners, because of the massive roof space available for solar panels and the opportunity for massive savings. Once the business receives their electric bill, it can then be divided amongst all the businesses in that