If you have been looking into solar panels, you’ve probably seen advertisements that say “free solar panels”. The problem is that finding out what the deal is with these free solar panel offers is a bit tricky.
How to get free solar panels?
You can get free solar panels if you want to switch your home or business from using natural resources like gas or oil to using renewable sources of energy like solar power. You can either buy a solar system or through solar leasing or power purchase agreement. This can help make renewable energy more affordable.
The U.S Government offers a 30 percent tax credit for anyone who installs a qualified solar electric system, for example a grid-tie system that allows powering your house completely by the sun.
Free Solar; Utility company Rebates
Government Incentives and Free Solar
There are many ways that you can get free solar panels. You can take advantage of government incentives, rebates from utility companies, or buy a solar system outright. Solar power is a great way to save money and protect the environment.
Decoding the Free Solar sales pitch:
The terms ‘free solar panels‘ or ‘no cost solar program’ are sometimes used to advertise solar lease or solar power purchase agreements (PPAs). Under both types of arrangements, a company will put solar panels on your roof for no money up-front but will charge you for the electricity that they produce. Most offers will save you money but not all of them, so make sure you’ve thoroughly compared all your options. Also consider buying the solar panels or financing them with a zero-down solar loan.
Hidden costs of free solar panels by payment plan: how do loans and leases compare to an outright purchase?
Now that you understand the nuances between solar leases, power purchase agreements, and solar loans, it’s important to assess the return on investment in each scenario.
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About MSE
Majeski Solar Energy Is a Solar Installer company, and Top Tier Solar Installer in Washington D.C., Virginia, and Maryland.
