Installing Solar PV on the Olympic and Kitsap Peninsulas and Islands Since 2003

Power Trip Energy is dedicated to improving the future of our community and our state through the use of renewable energy technologies.  We specialize in the design and installation of grid-tied PV systems on the Olympic and Kitsap Peninsulas, and have installed over 2 MW of grid-tied pv on over 400 homes and small businesses since 2003.  Call us for the finest renewable energy technologies to help you reduce your energy usage by harvesting the free and abundant solar energy that surrounds us.

Latest From The Blog…

Our 100th Review on SolarReviews.com

A brief commercial message:  we recently received our 100th review on the third party review website for solar installers.  Of our 400+ clients, over 100 have now felt moved to leave a review of our process and services.  We don’t pay this site, hence the lack of a full company profile (and another company’s ad on our review page!) but you might want to check it out anyway.  http://www.solarreviews.com/installers/power-trip-energy/

If you had been able to tell me 12 years ago that we would have achieved this by now, I would have been elated.  I am grateful to our clients and our Olympic Peninsula community for the opportunity and the support of our business.  Please take a moment to take to look at this feedback and ask yourself if this is not the best you could wish for when choosing for a business to work on your home.

 

Willard-for-web

Washington’s Solar Financing Options are the Envy of Other State’s Residential Installers

While there has been debate in many markets about the pros and cons of residential leasing, it has been the leasing model that has been used in the majority of the residential solar installations nationwide for the past several years, forecasted to account for 68% this year by GreenTechMedia Research.  Here in Washington State this has not been the case, because of the very carefully worded, complex and limiting state incentive legislation which has prevented systems owned by third parties, ie leased systems, from qualifying for our state’s Cost Recovery Program and its annual performance incentives.

Until very recently, we had very limited financing options to suggest for potential clients.  If financing was necessary, it usually seemed like the best idea for people to refinance their house, since the interest rates have been so low, and that interest is then tax deductible.  To my mind it also prevented people from borrowing more money than was reasonable, based on their financial situation.  If they did not have equity in their house, perhaps they should address that issue prior to installing pv.  However there were many potential clients who for some reason, reasonably, did not want to create or increase mortgage debt.  The other financing options at that point were typical retail revolving credit like you might get at an appliance or audio/video store with higher interest rates from distasteful entities like GE Capital, which we would never offer.  We will also not accept credit card payments.  So we were usually stumped at this point.

All of that changed fairly recently with the availability of Energy Efficiency loans from Puget Sound Cooperative Credit Union.  These loans are typically low interest (~4.5%), can cover various energy efficiency upgrades for the home including solar,  and are not secured by the title of the house, but are only secured by the solar array itself.  We are not involved in these loans other than helping provide information; we pay no fees nor receive any commissions.

When I speak with installers from other states, they are generally envious of the financing options we have here in Washington.  Most of them are stuck offering leases that benefit the lenders more than the clients or installers, or have to pay fees to the lenders in order to offer low interest loans to clients.  That’s why this article contains the “news” that new financing options in other states are now increasing their market share compared to leasing.  http://www.greentechmedia.com/articles/read/Better-Cheaper-Loans-Challenging-the-Solar-Leasing-Model

So far this year, nearly a third of our clients have utilized PSCCU’s low interest loans and everyone who has qualified has been very happy in their dealings with this organization.  Thank you PSCCU!  http://www.psccu.org/efficiency.php#energysmart

Solar leasing companies are currently lobbying hard in Olympia for our state incentives to be opened up to their leasing models.  Here at Power Trip Energy we keep an open mind and will evaluate any future available programs with bias towards our client’s best interest.  In the meanwhile, we are very happy with the sensible low interest loans available to our clients.

Robards

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“To all the employees of Power Trip Energy!  Thanks for the awesome solar installation, you have motivated me to save more energy and promote solar power even more.”

Kevin Koski - Bremerton, WA.

“By generating our own clean electricity, our family is reducing air pollution while being energy independent. And we’re doing it now so that our children can inherit a better world.”

Stuart MacRobbie - Sequim, WA

“It’s been great to work with you all, from the office support to the sales staff, all the way through the electricians and the guys on the job. We couldn’t ask for more!”

Susan and Ernie Kroll

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