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Mon 06 October 2008

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Financing Solar Power System - Part II

The Grass Path Oranges ](http://www.flickr.com/photos/65223305@N00/80785086)Some of you may remeber the post I have written in August about a different way to finance a solar power system by basically giving the power company the right to place their own solar panels onto your roof and you then buy the electricity generated by these solar panels at a slightly higher cost.

This way you are able to generate a large part of your electricity need from the sun without needing to pay for a large upfront cost.

In August I also talked about how such deals seemed not to be available in Australia.

I am happy to report that a similiar deal has now become available in Australia from at least one company named Earth Utility.

Earth Utility is putting a slightly different spin on this type of deal though. As Earth Uility is not an electricity supplier you don't pay more for your electricity and you get the same benefits on your electricity bill you would get if you own the solar power system outright.

Of course the solar power system is not provided free of charge but at a modes \$75 per quarter (source) your savings on your electricity bill are probably more than paying for the quarterly cost for the solar power system.  As a bonus you even own the system after 20 years of service.

If you have been wanting to get a solar power system on your roof but have not been able to to afford it until now, I encourage you to have a look at Earth Utility and see if their way of financing a solar power system would suit you.

Earth Uility also provides similar types of financing options for solar hot water systems.

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