Those new to solar may be surprised by the wide range of benefits and savings their new system can offer. While many are aware that switching to solar can help them bid adieu to their outrageous monthly electric bills, there are also many advantageous tax credits and tariffs available to residential and commercial solar customers.
In this blog, we’re breaking down the “Buy All, Sell All” tariff to help you maximize your savings and return on your solar investment. Keep reading to learn more!
Designed to incentivize solar energy production, the “Buy All, Sell All” tariff was created to reimburse solar customers for their excess electricity. With this agreement, a separate meter is added to the property to track energy production. The energy produced by your solar system is then sold to your utility company, leaving you with more cash in your pocket.
With the “Buy All, Sell All” tariff, certainty is a huge plus. Those who take advantage of the tariff can enjoy fixed compensation over a 20 year period and quarterly payments for both energy and RECs. Many homeowners can offset their initial costs of going solar thanks to these returns on solar.
While the fixed rate of this tariff provides more certainty over the length of the system, there is a risk of having the cost of electricity eat into your profit as it increases over the years.
Between lowered utility bills, tax incentives, and beneficial solar tariffs, there are so many ways to save with solar. You don’t have to break the bank to support your commercial energy needs. Our team at PurePoint Energy can assess your property and provide tailored solutions for your home and wallet. Give us a call today at (203) 989-2905 or reach out to us through our online contact form to schedule a consultation.