Solar panel adoption has become increasingly popular in recent years as homeowners seek to reduce their reliance on non-renewable energy sources and lower their utility bills. However, the decision to install solar panels is not a simple one, and PPA homeowners need to carefully consider the potential costs and benefits before making a decision.
One of the primary benefits of solar panel adoption is the reduction in energy costs directly. Solar panels generate electricity from the sun's rays, reducing the amount of energy that homeowners need to purchase from their utility company. This can lead to considerable savings on energy bills, particularly for homeowners who consume a large amount of energy throughout the year. In fact, homeowners in sunny climates such as California can expect to save up to 75% on their energy bills with a solar panel system.