If you’ve looked into solar before, you may have noticed ads for so-called “free” solar and wondered how you can get it and if it’s true.
Here’s the truth: many homeowners can make the switch to solar for the same or sometimes less than they are currently paying for electricity.
What Does “Free” Mean?
So for no additional cost, you may be able to make the switch to solar, and in that sense, solar is “free”. At the same time, when you purchase solar, you are investing in a system that will provide years of free electricity once it is paid off. Switching to solar will allow you to invest in your own power generation while reducing your reliance on the utility company.
In many other parts of the country, “free solar” refers to leases or power purchase agreements. Under these agreements, solar companies will put solar on your roof for no out-of-pocket cost to you. These arrangements sound great, but the bottom line is that you do not own this equipment and the solar that you are producing is not free.
What are Your Options?
Today, there are many options for solar financing so that you have a no or low out-of-pocket cost and finance the equipment so that you can own and produce your own electricity. Before you sign up for “free solar”, we can help you understand what you are being offered and carefully consider all of your options.