Free Solar Panels Are They Really Free

You will pay for the electricity that they produce usually under a solar lease power purchase agreement ppa.

Free solar panels are they really free.

This guide includes an overview of these programs and a program list by state to confirm solar company sales pitches. Free solar panels are not actually free. You will pay for the electricity that they produce usually under a 20 to 25 year solar lease or power purchase agreement ppa. The bottom line is there might be a free solar panel scam lurking out there but it isn t coming from any reputable solar company like ours.

A company such as sunrun or. Plus if they ever decide to sell their home they will benefit because on average solar panels increase a home s resale value by almost 6000 per installed kilowatt. Free solar panels are not actually free. Free solar in new jersey the term free solar panels is typically used to advertise solar lease or solar power purchase agreements ppas.

I first mentioned this proposition known formally as a power purchase agreement two years ago. Purchase solar for your home and save money and energy with orbit. But purchasing a solar energy system for your home can end up saving you lots of money in the future due to the lowering cost of your electric bill as well as the many state incentives to go solar. It sounds too good to be true.

If you can t commit the funds to pay for a solar system outright consider getting a solar loan instead of a solar lease.