No Cost Solar Panels Scam

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.

No cost solar panels scam.

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. 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. 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.

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. But when you examine the contracts they heavily favor the solar installer over the 25 year life of the system. Plus as we point out above a combination of federal and state. You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.

It s true that solar panel production will decrease over time just like any other energy producing asset. However no cost and free are a little misleading because there is always an exchange for goods and services rendered. These are almost always misleading campaigns by ppa and lease companies to generate leads. The solar power industry is in a price war at the moment.

You are also roped into a contract with a lease pay dmt or pay for the power. An important warning about the solar industry in 2020. Borderline scams as they are not free you just don t pay for panels but you also don t own them. Residential solar panel finance options include purchase solar loan solar power purchase agreement ppa and solar lease for as little as 0 down.

Cash buying your solar electric system outright is best. Systems include maintenance monitoring and a. But now the price of solar panels is less than half of what it was 10 years ago. Every panel on our platform is warranted at least 85 as productive as day 1 after 25 years.