Can I afford to go Solar? Are there upfront costs?
At GXG Energy, we offer Solar-plus-Storage systems at no upfront costs besides the $1 application fee(s). With the GXG Energy Warranty, all system components are covered for the 20-year term of the agreement, eliminating out-of-pocket expenses for repairs and maintenance, including labor.
How does billing work with my electric utility provider? Will I get two bills?
Yes. Each month, you will receive either a statement from your electric utility provider, in addition to your GXG Green Bill.
THE GXG GUARANTEE. We guarantee that the electricity bill you regularly receive from your electric utility company decreases significantly. Significantly enough that you come out on top paying off for your grid power (ELECTRIC UTILITY Bill), as well as for your solar power (GXG GREEN Bill).
You will receive 2 monthly bills after enrollment:
(1) The usual electricity bill you regularly receive from the utility company
(2) A new GXG GREEN Bill
With Zero Escalators, our prices are fixed for 20 years. We only adjust them annually to interest rate & inflation.
How does the billing system work?
We charge a monthly tariff for the Solar power output through a pay-as-you-go scheme, as well as a fixed monthly administrative fee to manage all GXG Energy system facilities including the centralized Energy Storage System within your community.
How do I pay my GXG Green Bill?
We make paying your GXG Green Bills convenient by setting up automatic bank-to-bank payments. Since your monthly payments are recurring, this takes the hassle out of remembering to pay each month or risking a late payment because you forget. You can select any U.S. current bank account as our payments are processed through ACH direct deposit. For an additional fee, we accept all major credit cards should that be your preference. All payments are processed automatically on a monthly basis using your GXG APP and online portal account.
What if produce more Solar than I need?
By utilizing an Artificial Intelligence-driven, GXG Energy optimizes the Solar output of Subscribing households within residential communities by having a shared and centralized Energy Storage System. Subscribers that produce more Solar than they consume will get GXG Credits for the month. On the other hand, Subscribers that consume more Solar than they produce get GXG Debits. The GXG Debits-&-Credits mechanism is confidential, runs on a fair practices protocol, and has permissible limits. The financial impact will be reflected on your monthly GXG Green Bills. Any surplus GXG Credits roll over at the end of each year. We do not charge a fee for this service. Terms and conditions apply.
Can I cancel my Solar service agreement?
There is a brief window for cancelling your Solar and Energy Storage agreement(s), typically three business days from the date you sign it.
How do tax credits work?
The Federal Investment Tax Credits and State Rebates are claimed and redeemed by GXG Energy on behalf of our Subscribers. We capture these government incentive programs and reflect them in the competitive rates we offer our Subscribers for the lifetime of the Solar and Energy Storage agreement(s).
What is an annual escalator?
Zero. Our rates are fixed for the entire duration of the service agreement. We do, however, adjust rates annually for both inflation and interest rates. Such adjustments are designed to be lower than your electric utility's yearly rate hikes. This is why we encourage Subscribers to opt-in and take advantage of the current GXG prevailing rate to achieve even more cost savings down the road.
What happens to the system after the term of my Solar agreement is complete?
We strive to keep things simple for you, including the completion of your Solar agreement. At the end of the original term, you have the option of:
- Renewing your Solar service agreement for an additional 5-year term; or
- A buyout of the GXG system; or
- Removal and decommissioning at no cost to the Subscriber.
What happens if my Solar service agreement outlives me?
In the event of the unfortunate passing of a Subscriber, the agreement(s) passes to the heirs, who will then also enjoy the benefits of Solar power simply by continuing to make the monthly payments for the remainder of the agreement(s) term.
In case of the Sale of the residential property to a new buyer, the Solar and Energy Storage agreement(s) are transferred to the new owner of the residential property should they decide to opt-in in the GXG Energy program. Otherwise, the GXG Debits-&-Credits mechanism comes in play so all the Solar generated at the property is contributed to the GXG community microgrid, and the heirs in this case will not have any financial obligation towards GXG Energy.
Why are GXG Energy Solar agreements 20 years?
The reason behind the 20-year duration of GXG Energy Solar service agreements is simple: long-term peace of mind. Utility rates are unpredictable because they are tied to fossil fuels and, as a result, dependent on the ups and downs of a commodity market. When you consider the fact that you must do business with your utility company for as long as you need electricity, 20 years of sustainable, readily available Solar power doesn't seem like a long time at all. During the term of your agreement, you don't have to worry about out-of-pocket expenses for maintenance or repairs. That means simpler, more predictable budgeting for your energy costs for the long haul. Think of the Solar service agreement as proof of our commitment to you - a document designed with life's milestones in mind. If you move off your property, you can quickly transfer the agreement to the new homeowner. Likewise, should your agreement outlive you, your heirs will enjoy the benefits of Solar power simply by continuing to make the monthly payments for the remainder of the agreement.
As a bonus, your Solar and Energy Storage agreement(s) means you'll be doing something good for the environment for 20 years. Your wallet and the world will both be a little better off because you chose Solar power. Refer to the warranty in your GXG Energy agreement for details. New homeowners must meet GXG Energy credit requirements. Limitations and Conditions apply.
Will you put a lien on my home?
No, we will not put a lien on your home, only the Solar system installed on your home. However, suppose you are selling a home or securing financing using your home as collateral; in that case, there may be conditions that require the removal of a Uniform Commercial Code (UCC) filing before the home can be sold, or the financing process is completed. UCC laws are established to regulate the sales of personal property and other business transactions. For example, when a lender gives a car loan to a person buying a car, both parties sign a UCC-1 form. The lender files the form, and the lender keeps the title until the loan is paid off.