If you're tired of paying for solar panels, there are plenty of free options available. Sunrun offers solar panels for free as part of its free solar program. The program does have its drawbacks so 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. You will also receive a comprehensive insurance policy for your solar panels.
The company offers customized solar energy systems and free solar panels. They can install and maintain your solar system for you. Sunrun also offers ownership services in certain states for solar panels. These include leases, purchase options, and Power Purchase Agreements.
There is no free program.
The advertisements that you see online for "free solar panels" are not real government programs. Instead, they are deceptive sales pitches, designed to collect your contact information and distribute it to as many companies as possible. There is no free solar panel; you only receive a power purchase contract or solar lease.
No cost solar programs are often promoted by the government as incentives to pay for the solar panels. In reality, most "free solar" offers are actually soar leases or power purchase agreements where the solar company installs solar panels on your roof and agrees to buy power for 20 years. In fact, Tesla/SolarCity CEO was attempting to portray their product as "no-cost" in a Fox interview.
The system doesn't belong to you
You don't own a solar panel system if you lease it. 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 financing options. These programs are advantageous because they allow you enjoy the benefits associated with system ownership. SunPower, Freedom Forever and Trinity Solar offer solar leasing. Before signing a lease, it is a good idea to talk with a professional about your options. EcoWatch is an online directory that allows you to locate an installer.
It doesn't increase the value of your home
A solar panel is a great way of increasing your savings. The sun gives you free energy during the day. If it gets overcast, the excess can be stored in a bank for power at night. Your utility provider may even offer solar panels that have batteries to help you make money. SRECs and net Metering offer rewards for the use of these 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. This is because the study didn't use any relevant home sales data in order to calculate value. The study also only examined six states (California, Oregon, Maryland and Florida). The findings were analysed by researchers from Berkeley Lab and seven appraisers.
It's a scam
Many solar scams claim they offer free panels for your home. However, it's important to steer clear from these companies. While there are some legitimate companies, the majority of solar scams will offer a substandard product for free. The best way to avoid a scam is to do your research online. Companies that contact you unannounced should be avoided.
Don't be tempted to accept money offers or force you to sign up right away. If you're uncertain of a company, request their contact details and call to verify their legitimacy. If the company seems too eager for you to sign up, it's probably a scam.