No Cost Solar Panels Scam

Cash buying your solar electric system outright is best.

No cost solar panels scam.

Every panel on our platform is warranted at least 85 as productive as day 1 after 25 years. But now the price of solar panels is less than half of what it was 10 years ago. These offers entice people with a no cost way to go solar. But when you examine the contracts they heavily favor the solar installer over the 25 year life of 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. 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. These are almost always misleading campaigns by ppa and lease companies to generate leads. However no cost and free are a little misleading because there is always an exchange for goods and services rendered.

Borderline scams as they are not free you just don t pay for panels but you also don t own them. You are also roped into a contract with a lease pay dmt or pay for the power. 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. You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.

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 power industry is in a price war at the moment. It s true that solar panel production will decrease over time just like any other energy producing asset. Solar panels lose production capacity year after year but your payments will go on way longer no matter what.

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. 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. An important warning about the solar industry in 2020. Plus as we point out above a combination of federal and state.