Zero to One free instal10/16/2023 Government-subsidized solar programs do exist, but they are rare and only available for low-income households. Read the agreement carefully - some PPA contracts may try to charge you more. To make the deal attractive, solar PPA providers will charge a kilowatt-hour price slightly lower than local electric tariffs. However, instead of paying a fixed monthly fee like in a lease, you are charged for the electricity generated by the solar panels during the billing period. In this type of agreement, the solar panels are still installed on your roof at no cost to you. 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.
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