This is Solar city's proposal
Attached is a design and proposal for a 4.16kW solar system that will produce at least 6,498 kWh’s per year. As you can see, I included two different zero down options:
1. Pay As You Go PPA – Solar system is installed for no up-front cost and you just buy the electricity that the system produces at 15 cents per kWh ($81 avg per month).
With this plan, the rate does go up annually, but only at 2.9%. Historically SCE raises their rates at 4.8% per year.
This plan includes a 20 year warranty, insurance and monitoring by SolarCity
2. MyPower – Solar system is installed for no up-front cost and you would own the solar system. This is essentially a loan for a $21,216 solar system with a 4.5% APR. You can buy out the remaining payments whenever you want, or you can pay the monthly minimum over 30 years.
In terms of price per kWh, this is like getting the electricity at 17.7 cents per kWh in year 1 ($91 avg per month), and then we drop your price per kWh down to just 12.7 cents per kWh ($65 per month) after the Federal Tax Credit is passed on to us.
This plan includes a 30 year warranty, insurance, and monitoring by SolarCity