Do you see this stock photo model reveling in the sunlight? Humans can't photosynthesize, so it's probably doing nothing for her. But solar panels sort of can, and advances in solar technology are making everyone's favorite 1.3-million-Earths-sized fusion reactor the future of energy.
Though not the most common type of past-due debts, unpaid utility bills can go to collections and end up being not just a past-due bill but regular calls from a debt collector and a dark mark on the credit report. So how will all this change when solar power inevitably takes over the mass energy market?
That depends who controls the literal power. There are two ways solar can be used to power a home: the home can have a solar array on-site that feeds the house, or the grid piping power into the house can rely on solar power as a source. Home (and business) power will probably involve a combination of the two.
Solar panels, like those at Tony Stark's SolarCity, can be financed and collateralized. The more financially stable among us will probably own their own power source. Those without the capacity to qualify for solar financing, renters, and people in condos and apartments will probably draw from offsite panels, or property owner-owned panels onsite. And while not free, solar power will be cheap, requiring only installation and maintenance, which will likely translate into lower bills, and thus will lower the probability of solar utility going to collection.
The attorneys of Drewes Law have access to post and edit the blogs. Attorney Bios.