Finding the Truth Behind Free Solar Panel Installation
Advertisements of "free solar panels" seem too good to be true. But are "free solar panels" really free? In this article, we'll debunk this marketing tactic and discuss how to get solar for $0 down.
What is Free Solar Panel Installation?
Free solar panel installation is a term often used as a sales tactic to push solar financing options. It's a way for companies to offer solar panels at no upfront cost to homeowners, often through leasing or power purchase agreements (PPAs). However, there's more to it than meets the eye.
The Truth About Free Solar Panel Installation
- Companies often offer "free solar panels" through leases or PPAs, where they install and maintain the panels at no upfront cost.
- Under these solar financing arrangements, a solar company will put solar panels on your roof at no up-front cost for installation, enrollment, or maintenance.
- Homeowners are still required to pay for the electricity generated by the solar panels, either through a monthly electricity bill or a fixed payment schedule.
- While the upfront cost is waived, homeowners may still be locked into a contract that can last for 15-20 years or more.
- Additionally, homeowners may be required to purchase electricity from the solar company at a higher rate than what they would pay from their utility company.
