You may be offered a solar power purchase agreement, or PPA. What Is a Power Purchase Agreement (PPA)?
This agreement makes sense if the solar lease is priced lower than your monthly electric bills, but you can actually lose money if the lease is priced higher. The provider installs solar panels at zero upfront cost, and you sign a contract wherein you agree to rent the system during a specified period (typically 10 to 15 years). What Is a Solar Lease?Ī solar lease is exactly what its name suggests.
If the offer doesn’t fit in any of the above categories, it may be a scam. Government program for low-income households.When you see the phrase “free solar panels,” it can mean one of the following things: There are no companies or government programs that offer free solar panels. The phrase “free solar panels” is a misleading marketing tactic some companies use.
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