No Upfront Cost Solar Panels

Like solar leases your rate is likely between 20 and 30 lower than utility electrical rates and it will usually increase by one to three percent per year depending on your agreement.

No upfront cost solar panels.

Leasing means low or no up front costs. Under a solar lease the installer builds a system on your property and charges you a monthly fee to lease the equipment from them. Under a zero down solar ppa you owe nothing upfront to your provider and agree to pay for the electricity your system produces at a set rate. In the ppa s case the exchange for no cost solar panels is that you do have to agree to purchase power generated by those panels from your solar company at a reduced rate anywhere from a 10 30 reduction.

The panels and inverters we use have a warranty of 25 years and a life expectancy. You pay a flat monthly fee and get to use 100 of your system s production. Average lease costs are between 50 250 per month based on the size and overall production of your system. You ll save thousands over the life of the system compared to what you would have paid the utility for electricity.

High installation costs keep many homeowners from buying and installing solar panels that they own. Solar leases and ppas offer people a way to go solar with no up front cost. The life of a loan is typically 10 15 years although some can be as long as 20 years. Loan payments are one of the most common ways that homeowners are able to own their own system with zero upfront costs.

The reason this works for many homeowners is because that reduced rate is much more affordable than their current energy bill.