Forgive me for a general lack of details but I will try to describe this right.
A friend of mine in the city of La Mesa, CA, (a suburb just east of the city of San Diego) told me the other day "we're getting solar tomorrow" and described a scheme where a solar company is coming out and installing panels on the roof, and some form of battery storage, whereas that company owns all the equipment. Theyre going to pay the company$200 a month and use all the power they want, and anything they dont use the company sells back to the grid and the company keeps the proceeds from that.
Does that sound right? Is this a typical deal?
I wanted to hear from anyone with experience with similar schemes before I told him what I thought about it.
A friend of mine in the city of La Mesa, CA, (a suburb just east of the city of San Diego) told me the other day "we're getting solar tomorrow" and described a scheme where a solar company is coming out and installing panels on the roof, and some form of battery storage, whereas that company owns all the equipment. Theyre going to pay the company$200 a month and use all the power they want, and anything they dont use the company sells back to the grid and the company keeps the proceeds from that.
Does that sound right? Is this a typical deal?
I wanted to hear from anyone with experience with similar schemes before I told him what I thought about it.