Facebook Ad Bing Ad

Zero Down Solar: Is it the Right Choice for Your Solar Power Installation in Massachusetts?

Green Bolt

Numerous solar companies tout their “free solar” programs in their ads. If you’ve been researching residential solar for some time now, you might have realized that these ads mean that there’s no upfront cost involved. Instead, you pay a monthly payment that can be either fixed or fluctuating.

In any case, you can indeed avoid paying a sizable cost upfront for your solar installation and instead, resort to monthly payments for the long term, such as 5 years or even 25 years.

However, the question is: is it the right option for you?

The answer depends on several factors. The offer itself can take several different forms, and come with a variety of terms. Here’s what you should look out for:

  • Zero-Down Solar Arrangement Types

Zero-down solar just means that there’s no upfront cost for you to pay. It doesn’t reveal any information about the arrangement itself. It could be a solar loan with no down payment and only monthly payments spread out over several years.

It could also mean a lease agreement, wherein you pay a “fixed” monthly payment, much like a car lease. There’s a third option – a power-purchase agreement (PPA). It’s similar to a lease agreement, except that the monthly payments are not fixed. They are calculated at a fixed rate based on the amount of solar energy you generate. 

So, discuss the arrangement with your solar company and understand it thoroughly.

  • Interest Rates

If you are going for a solar loan, it’s important that you have a firm grasp over the interest rates you are paying. If the interest rate is so exorbitant that you end up losing all the cash savings you realized from solar adoption; then it’s pointless for you to go for a solar loan.

  • PPA Rate

PPA agreements charge you a fixed rate for using the solar energy produced by your solar system. The more energy generated and used, the more you pay. However, the PPA rates are usually substantially less than utility prices. Also, you can negotiate a multi-year lock-in period for the price, so that they don’t escalate fast. 

Be Informed

Know your zero-down solar arrangement, understand its terms, and then decide whether it’s the right choice for you. Also, it literally pays to have a high credit score. If you do, then you can attract solar financing at lower interest rates.

Talk to Green Power Energy to discuss the various solar financing options available to you, and understand how they can help you in your unique situation.


Leave a Reply

Your email address will not be published. Required fields are marked *

Lead-Acid vs. Lithium Batteries: Which Solar Battery Storage is Good for East Brunswick Homes?
Lead-Acid vs. Lithium Batteries: Which Solar Battery Storage is Good for East Brunswick Homes?

Homeowners are increasingly choosing to add battery storage to their solar power installation. When considering solar battery storage, you will always come down to the question: Should I choose a lead-acid battery or a lithium-ion battery? After all, these are the two most popular home storage batteries available in the market, and here is everything you need to know to make a decision.

Read More »
Will Solar Solutions Become More Affordable Over Time in Cedar Park?
Will Solar Solutions Become More Affordable Over Time in Cedar Park?

Green energy supporters in the U.S. who also support local economies have always been conscious of the fact that the majority of solar panels in the country are imported. They had an uneasy choice presented before them: choose green energy or support the local economy? What’s more, the imported solar panels were cheaper than the locally sourced solar panels too, tilting the balance in favor of foreign players.

Read More »

Get Started Today

Let’s talk about potential solar opportunities. We offer free, no obligation quotes to get you started on your solar journey.

If you’d like to talk with us outside of getting a quote then please reach out to us using our contact page.

"By hitting submit you recognize that we may contact you using phone, email, and/or text in regards to your inquiry. Please refer to our privacy policy for more information."
@ 2023 GREEN POWER ENERGY (844) 584-0008
47 East Street Annandale, NJ 08801

42 Ozick Dr, Suite 3, Durham, CT 06422

2112 Holly St, Austin, TX 78702

NJ HIC #13VH05559800

NJ ELC #34EB01151200

PA HIC #PA128259
CT HIC #0656622
CT ELC.0205319-E1
TECL #37773