No Cost Solar Panels Scam

Residential solar panel finance options include purchase solar loan solar power purchase agreement ppa and solar lease for as little as 0 down.

No cost solar panels scam.

This article explains the economics behind leases and ppas to show how the offer of free solar panels ultimately costs the end user money in the long run. Solar panels lose production capacity year after year but your payments will go on way longer no matter what. These are almost always misleading campaigns by ppa and lease companies to generate leads. Cash buying your solar electric system outright is best.

Every panel on our platform is warranted at least 85 as productive as day 1 after 25 years. But when you examine the contracts they heavily favor the solar installer over the 25 year life of the system. An important warning about the solar industry in 2020. It s true that solar panel production will decrease over time just like any other energy producing asset.

The solar power industry is in a price war at the moment. It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and. You are also roped into a contract with a lease pay dmt or pay for the power. In the ppa s case the exchange for no cost solar panels is that you do have to agree to purchase power generated by those panels from your solar company at a reduced rate anywhere from a 10 30 reduction.

These offers entice people with a no cost way to go solar. But now the price of solar panels is less than half of what it was 10 years ago. But unfortunately not everyone plays by the rules which means there are certain tricks and solar panel rip offs that you need to watch out for when looking to install solar power. You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.

Systems include maintenance monitoring and a. The solar foundation report shows that installation of solar systems accounted for the lion s share of solar employment in california last year which supported 46 489 jobs. Back when solar panels cost more and there weren t state and federal incentives available to make rooftop solar systems more affordable solar leasing was often a homeowner s only feasible option. Borderline scams as they are not free you just don t pay for panels but you also don t own them.