No Upfront Cost Solar Panels

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.

No upfront cost solar panels.

Depending on your situation your loan payments will vary. The reason this works for many homeowners is because that reduced rate is much more affordable than their current energy bill. High installation costs keep many homeowners from buying and installing solar panels that they own. 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.

The panels and inverters we use have a warranty of 25 years and a life expectancy. You ll save thousands over the life of the system compared to what you would have paid the utility for electricity. 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.

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. Affordable solar at no upfront cost we take pride in tearing down the barriers to make solar affordable for everyone. Suncommon offers solar financing at no upfront cost and a low monthly payment.

The life of a loan is typically 10 15 years although some can be as long as 20 years.