Standard Solar — a Maryland solar installation company – has partnered with Sol Systems to help make clean energy more accessible for mid-Atlantic homeowners.
At core, the arrangement allows qualified buyers to use solar renewable energy credits (SRECs) to pay for up to 30 percent of a solar energy installation. Sol Systems, which is based in Washington, D.C., handles the financing, while Standard Solar does the design and solar installation. Working together, the two companies can make solar energy affordable for thousands of property owners throughout the mid-Atlantic.
Here’s Standard Solar President Scott Waiter:
“This partnership will go a long way for our current and future customers. Not only will it help businesses and homeowners significantly cut costs of their solar energy systems, but it will help those considering solar energy to realize that alternative energy is an affordable solution.”
Sol Systems is also offers a solar lease program to schools, homeowners, churches, businesses and non-profit organizations in Washington, D.C. It’s in a pilot stage now, but if successful, it could be put to use in other parts of the country. As part of the lease program, the property owners don’t have to put down any money upfront. Instead, their solar power would be set at a fixed monthly lease payment for a decade.
Sol Systems’ primary focus is to help consumers get the largest return on investment (ROI) possible when installing a solar energy system. In order to do this, the company offers several REC-based options:
- Receive a fixed payment for each SREC you compile over a five year term.
- Receive one, upfront payment for all of your SRECs.
- New Jersey and Massachusetts property owners can receive a variable payment for each SREC their systems compile.
For more information on each of these options, visit Sol System’s REC Options page. And, in related news, Standard Solar recently completed a big solar energy installation at an ice rink in Maryland.
