Beneath both examples of methods, a business will put solar panels on your roof for no cash 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.
what do a company’s marketers and salesmen mean when they say ‘free solar panels’? Normally, they are connecting to solar panel leases and power procurement agreements. Under these solar panel financing organizations, solar panel installation companies will put a solar panel system on your roof at no up-front cost to you. This sounds excellent – you get to say that your solar powered home is producing clean energy, and can even guide to the solar panels on your roof to prove it.
the fact is that you do not technically control the system, and the solar energy the solar panels produce is not free. Under solar lease agreements, ownership is retained by the solar company, and you pay for the electricity it produces. In essence, the company has built a small power plant on your roof and is selling you the electricity.
You may have several reasons to go solar. However, If you’re like most people, saving money, excluding your utility bills and/or decreasing your carbon footprint are plausibly at the top. The environmental perks of going solar are more or less the same notwithstanding of who does your solar panel installation, so it’s key to focus on the financial benefits.
Regardless of its ‘do-good’ image, the solar industry is an industry like any other: the companies offering products are looking to turn a profit. Providers of solar leases make their money by selling you electricity, usually at a lower rate than what you pay your utility.
You as a solar shopper can now take your pick of a company based on the attractiveness of their offering. So even if economic accumulation is inconsiderable to environmental considerations for you, you should still shop around to make sure you’re getting the best deal. Although companies like SolarCity once dominated the market for solar leases, countless other players have since entered the space and begun competing with each other. Some solar leases will save you more money than others.
The innovative thing about solar leases was that they made it possible for practically anyone with a roof to go solar, regardless of whether they had cash in the bank to purchase a system. Solar leases were crucial in removing barriers to entry back when solar system prices were prohibitively high.
There has never been a better time to install a solar energy system!
If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next
20 years.
For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.
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