Free solar panels in Connecticut – are they some new marketing technique, a government-funded initiative, or just a brand-new way to mislead customers?
After all, solar panels are a product innovation that makes renewable energy accessible and affordable for a broader range of homeowners.
And, before you get your hopes up too much, let us clarify one thing: free solar panels aren’t entirely free, but they’re the next best thing to free.
If you’re aConnecticut homeowner, free solar panels could be the perfect home solar solution to save on your energy bill.
The Truth Behind Connecticut Solar Incentives
When solar companies advertise free solar panels in Connecticut, they’re essentially referring to solar leases or power purchase agreements (PPA). As part of these power purchase arrangements, the customer doesn’t make a one-time purchase of their solar installation. Instead, they make a nominal monthly payment to the solar company (or a solar financing company) each month.
Since there’s hardly any upfront cash outflow at the time of solar installation, these arrangements are advertised as free solar panels, although the customer pays for the solar panels in monthly installments.
How Much Do Customers Pay for Solar Panels in CT?
There’s usually no payment at the time of purchase of your solar panels. In this respect, it’s quite similar to a zero-down-payment solar loan. However, unlike solar loans, the lease or PPA agreements do not come with fixed monthly payments. They are determined by your monthly power consumption.
Essentially, you will be paying the solar company for using the solar power generated by your home solar panels. If you use less power, you pay less, and vice versa.
An interesting aspect here is that the customer does not “own” the solar panels. The solar company or the financer owns them and, therefore, gets all the government incentives that come with your solar energy system.
Lower Energy Prices for Years to Come
You’re probably wondering why you should even bother with free solar panels, since they require you to pay for your solar power usage, just like your current utility plan does.
Well, the answer is quite brilliant. For one, the rate at which your solar power bill is calculated will be significantly lower than what’s levied by your utility company in CT.
Secondly, you get to lock in those rates for several years to come. During this time, the utility company’s electricity rates will keep increasing unabated (like they always do), while you keep paying the same rate for your power usage to the solar company.
Contact Us Today for Free Solar Panels in Connecticut
Solar leases and PPA allow you to pay less for your power usage each month, which will save you tens of thousands of dollars over the life of your solar solution. And, you don’t pay a dime to purchase the solar panels. Isn’t that a great deal?
If you’re interested in residential renewable energy solutions and taking advantage of this incentive program to get free solar panels in Connecticut, give us a call at (203) 202-3626 today.