Did you know there are now enough solar panels installed in the United States to power eighteen million American homes? As we transition to clean energy, more and more homeowners want solar power for their homes.
Sadly, many solar sellers are taking advantage of this by offering no-cost solar deals. So, are these deals legitimate or a scam? If you want to find out, you’re in the right place.
In this article, we’ll teach you everything you need about free solar panel offers. Let’s get started!
What Is No-Cost Solar?
A no-cost solar program refers to deals offered by solar sellers that claim to have no upfront costs. Specifically, they refer to solar leases and power purchasing agreements (or PPAs).
A solar lease is when an installer builds a solar system for you and then charges you a monthly fee to use it. PPA is similar. But instead of paying a monthly fee, you will pay for the amount of power that the system generates.
So, these no-cost solar panels are intentionally misleading. Yes, there’s no cost for the installation. However, you’ll still pay for the energy you use.
Why Are Lease and PPA Deals Not Great?
Solar leases and PPAs might seem good at first glance. But, these no upfront cost solar deals aren’t ideal in the long run. For one thing, you can’t claim the federal solar tax credit with these deals.
That means you’re losing 26% credit on the total cost of your system. Fixed escalation fees also mean that you’ll end up paying for your electricity as time goes on. And, you’re only getting a small percentage of the savings that your system offers you.
As such, it’s better to buy your system outright. That way, you get access to the tax credits and you can benefit from net metering. Plus, you own the power that your system produces.
Make Sure You Buy Solar Panels Through a Qualified Dealer
The truth is that you don’t need solar leases or PPAs to save money on a solar system. All you need to do is go with an honest, qualified dealer. If you need a recommendation, then you can’t go wrong with Blue Raven Solar.
They provide high-quality equipment at an affordable price. So, follow this link to get solar estimate from them.
You Probably Don’t Need No-Cost Solar
We hope this article helped you see the truth about no-cost solar deals. The idea of free solar panels can indeed seem enticing. But, at the end of the day, if something seems too good to be true, it probably is. As such, we recommend purchasing your solar panels through a qualified dealer. Can’t get enough content? If the answer is yes, you’re just like us. That’s why we regularly release new articles for our readers about the latest trends, tips, and hacks. So, keep exploring until you get your fill.