You have probably seen the ads on TV and the internet for free home solar systems and thought to yourself; “ah come on, nothing is ever free, what’s the catch?” Well… In the case of home solar panels in many cases there is no catch! You can actually get solar panels installed on your home at absolutely no charge to you.
But wait, that’s not all, not only can you get solar panels installed for free you also get dramatically reduced monthly electricity bills with fixed rates for as long as 25 years.
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But wait, that’s not all, the free solar panels installed on your home are warrantied, monitored and maintained by your solar service provider, again at no charge to you, for as long as 25 years.
But wait that’s not all, home solar has been shown to add as much as $25,000 to the value of your home, that’s like money in the bank.
In many areas of the United States there are clean energy mandates that the power companies must meet to be in compliance with state and federal clean air policies. Most states have what is referred to as a Renewable Portfolio Standard (RPS) that states a certain percentage of electricity produced by a power must come from renewable resources. If the power companies fail to meet the minimum standards they can face very steep fines. It is in the best interest of power companies in states with a stringent RPS to encourage the use of home solar power.
Solar Panel Installation Cost
How to Get Free Home Solar Power
Free home solar power installation is tied to a solar lease or power purchase agreement. Leases and PPA’s are very similar and you can read the details of each on other pages within this site. The way it works is easy; a solar power service provider installs solar power panels on your home at no charge and you agree to lease the home solar system for a period of time, the amount of time varies from provider to provider, usually it is around 20 to 25 years. The amount you pay the solar leasing company is less than your current monthy utility bill by as much as 50% depending on the area you live in. You start saving money the minute the power is turned on with no out of pocket costs.
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The way the solar service provider makes their money back to cover the cost of the panels, installation, permits, monitoring and maintenance of the system for the term of the lease is by acquiring the incentives, rebates and net metering profits from the syatem the install for you at no charge.