Take the First Step to Energy Independence
LifeWise Solar exclusively uses Power Purchases Agreements because they work best for the vast majority of homeowners. Read about the many benefits below, and see what a Sovlita PPA is right for you.
Benefits!
- No upfront capital costs: LifeWise Solar handles the upfront costs of sizing, procuring and installing the solar PV system. Without any upfront investment, you are able to get solar and begin saving money as soon as the system becomes operational.
- Reduced energy costs: Solar PPAs provide a fixed, predictable cost of electricity for the duration of the agreement. Under the fixed escalator plan, the price the customer pays rises at a predetermined of 1.5%. This is often lower than projected utility price increases. (“We expect U.S. sales of electricity to ultimate customers to increase in the forecast by 2.5% in 2022…” from the US Energy Information Administration)
- Limited risk: LifeWise Solar is responsible for system performance and operating risk. We handle maintenance!
- Better leverage of available tax credits: LifeWise Solar is usually in a better positioned to utilize available tax credits to reduce system costs. For example, municipal hosts and other public entities with no taxable income would not otherwise be able to take advantage of the Section 48 Investment Tax Credit.
- Increase in property value: A solar PV system has been shown to increase residential property values. The long term nature of these agreements allows PPAs to be transferred with the property and thus provides customers a means to invest in their home at little or no cost.
- No hassle when selling your home: Unlike loans which must be paid-off or transferred, a PPA can easily move over to the new owner so they can enjoy the locked in rate savings.
Power Purchasing Agreements
Purchasing solar power enables families and businesses to participate in the effort to conserve our environment and ensure that they will have safe, reliable, clean energy.