Some solutions mentioned in the video to overcome the upfront cost of installing solar panels include:
1. Power Purchase Agreements (PPAs): Under a PPA, a third-party developer owns, operates, and maintains the solar panels on a customer's property, and the customer only pays for the electricity generated by the system at a fixed rate, typically lower than utility rates.
2. Solar Leasing: Similar to a PPA, solar leasing involves a third party owning and maintaining the solar panels on a customer's property, but instead of paying for the electricity generated, the customer pays a fixed monthly lease payment.
3. Solar Loans: Many financial institutions offer loans specifically for solar panel installation, allowing customers to borrow the upfront costs and repay over time, often with competitive interest rates.
4. Government Incentives: There are various rebates, tax credits, and other incentives available at the federal, state, and local levels to help offset the cost of solar panel installation.
5. Community Solar Programs: These programs allow multiple individuals or organizations to share the benefits of a single solar energy system, reducing the cost for each participant.
If someone can't afford the upfront cost of installing solar panels what solutions was mentioned in the video as a way to overcome that drawback
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