The United States Recently Launched a No Cost Solar Program for Middle-Class Homeowners
United States is one of the best states in the country if you want to go solar – but only if you’re rich enough. Due to the steep upfront costs of around $32,000 in cash, only those upper-income families can afford to install solar arrays. A new program looking to change that.
Now homeowners have an option to install solar panels for no installation cost. The homeowner gets solar panels on their roof and a new reduced electric rate. If interested you can sign up at solarvisit.com. Green Energy Tribune predicts that it could save individual families up to $2,400 a year, which they hope could then be spent on other essential bills.
Some homeowners love the promise of owning the solar panels and flexibility of doing what you want with them. Other homeowners are more interested in taking the hands-off approach of a no cost solar program. So which one is right for you? There are pros and cons to each. We’ve put together some information for you below. Whichever route you go, fill out the form below to see if you qualify.
What Are The Benefits of Purchasing Solar Panels vs No-Cost Solar Programs?
Solar Panel Purchase
|You Own Your Solar Panels||You Don’t Own The Panels, The Solar Company Does|
|Eventual Ownership & Payment On The Loan < Electric Bill (Highest ROI)||Discounted Electric Bill|
|Once The Panels Are Paid For, You Have Free Electricity For The Life Of The Panels (25-30 Yrs)||Solar Electricity Rates Still Increase Each Year|
|You Get The Tax Incentives (30% of Cost Is Covered By Federal Government). Often There Are State and Utility Company Incentives Too||Homeowner Doesn’t Get The Solar Tax Incentives, The Solar Company Does|
|You Get To Price Shop. You Choose The Type of Panels and Inverters||Often There Are No Options Of Panels, Inverters Or Costs (Cookie-Cutter)|
|Value of Home Increases||Solar Panels Can’t Be Included In The Price of the Home|
|If You Move You Have The Option To Sell The Panels Or Take Them With You.||Moving of Selling – Contract Obligates New Homeowners To Assume Panels|
|25-30 Year Manufacturer Warranty||You Don’t Have To Maintain the Panels for the 20-Year Contract|
|Save Money Right Away||Save Money Right Away|
|No Cost Upfront||No Cost Upfront|
|Must Have Good Credit||Must Have Good Credit|
Fill out the form below to see if you qualify and to get a free quote from the best solar company in your area!