You don't have to pay for solar panels if you are tired of paying. There are plenty of options that will give you free panels. Sunrun, a free solar panel program, offers free panels. There are many issues with this program, so you need to be careful. You don't have the system and it can't be added to your home's value.
Sunrun offers free solar panels
While other solar leasing companies offer a low monthly payment, Sunrun offers a free solar panel service that comes with a variety of perks. The service includes a bumper-to-bumper system warranty and active monitoring. There is also a 10 year free replacement of equipment. A comprehensive insurance policy will be provided for your solar panel.
The company not only provides free solar panels but also offers custom-made solar energy systems. They take care of the installation process and monitor your solar systems for you. Additionally, in some states, Sunrun offers ownership services for their solar panels. These services include purchase options, leases, and Power Purchase Agreements.
There is no such thing "no cost" solar programming
You won't find any government programs advertised online for "free solar panel". They are deceptive sales pitches that collect contact information to distribute to as many companies and businesses as possible. The free solar panels you get are not really yours; instead, you will receive a power purchase or lease.
The government will often promote the no cost solar program as a way to get solar panels for free. In reality, the majority of "free solar" offers you will receive are soar leases or power purchasing agreements. These agreements allow solar companies to install solar panels on your home and purchase power for 20 consecutive years. In fact, Tesla/SolarCity CEO was attempting to portray their product as "no-cost" in a Fox interview.
You don't own the system
Leased solar panels are not yours. Your lease can be transferred to a new owner if your home is sold in the future. Although it may seem expensive to buy the lease outright, it can also reduce your energy savings. Also, a solar lease doesn't qualify for the federal investment tax credit, commonly known as the Solar Tax Credit.
Some solar lease companies offer $0 down financing options. These programs can be very beneficial, as they give you the opportunity to own your system. Companies such as SunPower, Freedom Forever, and Trinity Solar offer solar leases. Before you sign a lease it is wise to consult a professional solar installer about your options. An online directory such as EcoWatch can help you locate an installer.
It doesn't increase the value of your home
A solar panel can help you increase your savings. The sun provides free energy for your appliances during the day and you can store the surplus in a battery for power at night and on overcast days. You can also earn money by using solar panels and batteries from your utility provider. SRECs and net metering are two programs that reward the use of renewable energy sources.
One 2015 study revealed that most homes with solar panel systems in the U.S. did not appreciate in value over the past few years. The reason for this is that the study did not use relevant home sales data to determine value. The study also focused on six states: California, Oregon and Maryland as well as Florida. The findings were jointly analyzed by seven appraisers as well as researchers from Berkeley Lab.
It's an elaborate scam
Many solar scams claim to offer free solar panels for your home, but it is very important to stay away from these companies. There are legitimate companies that offer solar panels for free, but most scammers will give you a substandard product. It is best to research online before falling for a scam. You should also be wary of companies that contact you unexpectedly.
Be wary of offers that ask for money or pressure you to sign up immediately. If you have any doubts about a company's legitimacy, get their contact details and phone number to verify. The company should not be too eager to sign up for you, as it could be a scam.