Power purchase agreements (PPAs): what you need to know

There are many $0-down financing options available for going solar, including both ownership (i.e. solar loan) or third-party-owned (i.e. leases) solutions. Many homeowners looking for an easy, low-cost, maintenance-free way to install a solar panel system move forward with a power purchase agreement (PPA). In this article, we’ll talk about what solar PPAs are and discuss the advantages and disadvantages of this financing solution.

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Types of solar panels

Most of the solar panel options currently available fit in one of three types: monocrystalline, polycrystalline (also known as multi-crystalline), and thin-film. These solar panels vary in how they’re made, appearance, performance, costs, and the installations each are best suited for. Depending on the type of installation you’re considering, one option may be more suitable than the others.

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An overview of utility-scale solar panel installations

The largest scale of solar projects is utility-scale solar (also known as solar power plants). Typically sized anywhere from 1 to 5 megawatts (MW), solar power plants can be massive projects, often spanning multiple acres of land. Utility-scale solar projects are usually ground-mounted arrays. Sometimes, these arrays include the use of solar trackers to maximize energy production.

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All about solar battery maintenance

Whatever device you’re reading this article on likely has a battery in it, meaning that you are at least a bit familiar with battery performance and, whether you realize it or not, battery maintenance. Think about all of the rules around how and when to charge your cell phone to extend the battery’s life: you’re supposed to run the battery as far down as possible before plugging your phone back in, and you shouldn’t leave your phone plugged in all the time or else the performance of the battery will degrade. While your cell phone battery–hopefully–doesn’t require any maintenance over its lifetime, the decisions you make around how and when to charge it can be considered a form of maintenance to extend its life. 

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EnerBank USA solar loans: the complete review

Solar loans are the fastest growing method of financing a solar panel installation. Across the country, the majority of new solar installations are purchased with either a cash purchase or through a solar loan. Based in Salt Lake City, Utah, EnerBank USA is a popular company in the home-improvement lending industry. If you’re comparing solar quotes from a few different solar installers, you may have received a loan option from EnerBank.

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