Proposed SC H. 3425 up for debate tomorrow; Bill would help create SC homeowner’s opportunity to produce electricity
Sometimes going green and utilizing sustainable building practices doesn’t meet with everyone’s approval…
It seems that letting SC homeowners finance the purchase and installation of solar systems would produce a “win” situation for everyone.
I received the email below from the Coastal Conservation League this afternoon and believe it is an important property rights issue concerning home ownership. What happens in the SC General Assembly impacts home ownership. Please read for yourself and decide if you want to take action through the CCL website:
This bill puts the power of the free market to work by enabling an innovative form of financing called solar leasing. By leasing panels, you can install an energy system without having to pay high upfront costs. Leased panels help protect you from rising electricity rates, and once the lease contract expires, the finance company generally transfers ownership of the system to the customer, at which point all of the electricity produced on your roof is free.
Currently, utility customers can use their own money to purchase solar systems and lower their electricity bills, but most customers cannot afford to do so. Opponents of H. 3425 claim that a finance company which gives you access to affordable electricity by leasing you panels should have to meet the regulatory requirements of a traditional utility, but does a third-party investor really qualify as a full blown utility? These finance companies are merely providing the upfront capital for utility customers to install energy systems and generate some of their own electricity. That is why it’s called the Energy System Freedom of Ownership Act. CCL supports this legislation because it prevents current electric utility regulations from being used to unfairly block renewable energy projects for businesses and private residences as well as for non-profits like [places of worship] and schools.
Please lend your voice to this very important effort, click here to take action and ask the six Representatives on this Subcommittee to vote in support of H. 3425 tomorrow!
Your CCL legislative team,
Merrill, Ryan and Hamilton
Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA
SC Land and Homes LLC
PO Box 1182
Johns Island, SC 29457-1182
Call or text (843) 442-7275
Fax (888) 456-6618