In this ongoing series, we explore how the recently passed Cut Inflation Act will allow families in communities across the United States to save money while reducing their carbon footprint by choosing clean energy. In this week’s scenario, we’ll see how a young Florida family makes solar power work for their budget and needs.
In Miami, the relentless heat of summer 2022 set all-time records. Like many young homeowners, Jorge and Claudia have seen their utility bills rise faster than the temperatures. Tired of seeing double-digit increases in their utility bills, Jorge and Claudia knew it was time to consider other options. That’s when they started wondering if solar Powerful would be worth a look.
Jorge started researching solar companies like SunPower. After following them on Facebookhe was informed that they would be hosting a live Q&A about Inflation Reduction Act. He decided to attend and learned a lot about the incentives offered to landlords. One thing that stood out to him was that SunPower is passing on the savings from the 30% Solar Investment Tax Credit to help reduce the cost of renting solar power. When the couple realized the benefits of the IRA extended beyond just customers buying their systems, renting their solar system seemed like a no-brainer.
Jorge and Claudia made a virtual appointment with a SunPower Solar Advisor to assess their situation. Here’s what they learned:
With a 7 kilowatt (kW) system on their 2,500 square foot home, Jorge and Claudia can expect to save an average of about $104 per month on their electric bill, depending on the season. These savings would be more than enough to cover the rental payment of $91 per month, allowing them to benefit from solar power immediately without any upfront costs.
Apart from the savings, renting a solar system has other advantages. For one, SunPower maintains the solar system for the duration of the lease, meaning Jorge and Claudia wouldn’t have to worry about repairs or upgrades if needed. Second, SunPower offers a performance guarantee. If the couple’s solar system does not work as agreed in their rental agreement, they may be eligible for reimbursement for any lost production.
So how much can Jorge and Claudia really save?
Estimated average monthly savings from solar power after lease payment: $13
Estimated annual savings: $156
Even better, Jorge and Claudia learned that solar on their roof would help “green” Florida’s power grid by producing clean energy.
Claudia and Jorge decided solar power was the best investment they could make as a young family. This would help reduce their electricity bill and redirect their current investments to clean energy instead of going to the utility company.
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