Are 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.

Are solar panels really free.

But the reality is that you do not technically own the system and the solar energy the panels produce is not free. Though it s possible to install solar panels with no upfront costs it s misleading to call them free solar panels. A better way to finance your system. Free solar panels are not actually free.

Solar panel fraud is prevalent in the alternative energy industry. Some ads on facebook and other social media platforms tout free solar or free electricity claiming the local utility provider or the state government will pay for the cost of a solar system. 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. Free solar panels are they really free.

But not 100 free. Yes they ll put free solar panels on your roof but they also reap most of the long term value from owning the system. 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. This question is usually asked at the start of an unfortunate solar fraud story.

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. Free solar in new jersey the term free solar panels is typically used to advertise solar lease or solar power purchase agreements ppas. In essence the company has built a small power plant on your roof and is selling you the electricity. What they re really talking about is solar power purchase agreements ppas.

Are solar panels really free. They make more than enough profit over the life of the system to recoup the cost of equipment savings that should end up in your pocket. First you don t have to pay for the installation and maintenance of the system which can be costly. Under solar lease agreements ownership is retained by the solar company and you pay for the electricity it produces.

But purchasing a solar energy system for your home can end up saving you lots of money in the future due to the lowering cost of your electric bill as well as the many state incentives to go solar. Unfortunately the answer is no.