Are Free Solar Panels Really Free

However the panels are not given to you free because you do not own them or any other part of the system installed on your home for that matter.

Are free solar panels really free.

You will pay for the electricity that they produce usually under a 20 to 25 year solar lease or power purchase agreement ppa. The leasing or ppa company does thus they receive any tax credits or financial incentives that come with the system. Free solar panels don t really exist. If you ve been shopping around for a solar panel system you ve probably heard at least one company advertise free solar panels that they will install a solar energy system on your roof for free.

But much as with anything remember that there is no such thing as a free lunch or a free solar panel. You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation. Most of these companies that offer free solar panels are actually referring to a soar lease or power purchase agreement an arrangement in which a solar company installs and owns solar panels on a house in exchange for an agreement to purchase power for a 20 year period from the solar company. Although free solar panels aren t really free in that you re paying the solar panel company for the energy they generate they do offer some benefits in terms of solar power savings.

If you are one of the skeptics out there who thinks this sounds like a scam this article may help you to understand what customers are actually getting when they sign up for no cost solar panels and installation. Free solar panels are not actually free.