They own the system and sell energy to you at a discounted rate.
Government free solar panels for home.
The bottom line is there might be a free solar panel scam lurking out there but it isn t coming from any reputable solar company like ours.
Free solar in new jersey the term free solar panels is typically used to advertise solar lease or solar power purchase agreements ppas.
Part of this initiative was to provide a loan to homeowners which could be used to install solar panels.
To give you an idea of the solar reflectance of several finishes for example white paint has an absorptance of 0 2 and a solar reflectance is 0 79.
These offers entice people with a no cost way to go solar.
In most cases the roof would only need to be painted white or topped with an aluminum sheet.
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.
The green deal was launched in 2013 offering government grants for solar panels as a way of helping homeowners to make their homes more efficient in order to reduce their energy bills and reduce carbon emissions.
But the catch is that they require you to enter into a solar lease or power purchasing agreement ppa.
Government funded solar panels there are no grants for solar panels in the traditional sense of the word from the government that will pay in full or in part for your solar panel installation.
What they offer instead is a scheme called the feed in tariff which pays you money for 20 years after your solar panels have been installed.
A few facts on solar government tax credits.
A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array.
Free solar panels are not actually free.
The solar power system installed must be new.
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.
In these arrangements a solar energy provider such as sunrun installs a system in your home for free.
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.
However that s not the end of the story.
Can you install solar panels for free due to government rebate programs.
You can actually get solar panels installed on your home at absolutely no charge to you.
Additionally there is evidence homes with solar panels sell faster than those without.
A very good result would be for you pay half the cost of your system up front while the government funds the other half.
