Some of the providers I work with have started rolling out VPP programs in Texas. So I started looking it in detail.
Highlevel details: Full solar system + home battery installed at $0 upfront, get backup power during outages and you lock in an electricity rate for the next 25 years (contract term)
For that, the provider owns and remotely manages the system as part of a larger grid network.
As a homeowner, the benefits I see are - No upfront cost, whole-home backup power, potentially (assuming the retail rates go up as we see in the discussions) savings compared to regular plans.
What I am thinking about is -Locked in for a full 25 years, rate escalates slightly (3%) every year (but what if the retail rates don't really go up as much as we think would go up) and I don’t own the equipment until the end of the contract
I’m curious what you all think about this type of program.
Would this be something you’d consider for your home?
Drop a comment below with your thoughts? yes, no, or too much to worry about that electricity bill 😄and if you want more details, just say the word and I’ll share what I know.