Free Solar Panels Are They Really Free

In a few states there actually are free solar panels for low income familiesthat are offered by non profits or state funded agencies.

Free solar panels are they really free.

Free solar panels are not actually free. You will pay for the electricity that they produce usually under a solar lease power purchase agreement ppa. You can go solar without paying a cent. I first mentioned this proposition known formally as a power purchase agreement two years ago.

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. You will pay for the electricity that they produce usually under a 20 to 25 year solar lease or power purchase agreement ppa. Plus if they ever decide to sell their home they will benefit because on average solar panels increase a home s resale value by almost 6000 per installed kilowatt. It sounds too good to be true.

Free solar panels don t really exist. Free solar in new jersey the term free solar panels is typically used to advertise solar lease or solar power purchase agreements ppas. Purchase solar for your home and save money and energy with orbit. If you can t commit the funds to pay for a solar system outright consider getting a solar loan instead of a solar lease.

This guide includes an overview of these programs and a program list by state to confirm solar company sales pitches.