Can You Get “Free Solar Panels” In FL?
Category:
Financial Insights
June 2024
Can You Really Get Solar for Free in Florida?
Living in Florida, you've likely seen ads or have had your door knocked with claims promising "free solar panels" with claims that the government will pay for you to switch to solar or that you could get solar at "Zero Net Cost". These offers sound too good to be true, and often, they set improper pr false expectations for homeowners. While solar can be a positive resource for all homeowners in SWFL, it's important to understand the truth and the limitations of the incentives that are available for everyone.
The Truth Behind "Free" Solar Ads
Be cautious of ads that claim you can get solar for "free" directly at the expense of the government. The government's only association with solar panels is the federal tax incentive, which is 30% of the total cost of the system, and 30% is NOT 100% like how some companies are claiming.
Third-Party Ownership
Another deceptive tactic mentioned by sketchy solar advertising is their reference to "Get solar for free with no loan". While in not technical term not classified as a loan, leases are another payment-based option to acquire solar. Leases are options in place to help homeowners get solar without having to come out of pocket for the full expense up front, but to no confusion, by leasing you still have payments which equates to a total cost.
“Net Zero” Claims
Advertisements mentioning “net-zero” costs suggest that your new solar payment, which includes all installation, labor, equipment expenses, end up being less than your original electric bill with no upfront costs. While savings are a significant benefit of going solar, this type of misleading language often times confuses homeowners to believe that there are, in fact, no expenses, which is simply not true.
What "Free" Really Means
In both these models, the term "free" refers to the lack of upfront installation costs. It's crucial to understand this distinction, as it impacts potential savings and how you view the advantage of making the switch. For most homeowners, not having to pay an upfront expense makes it more accessible for all homeowners, still have an expense overtime. Just because you can buy a car with $0 money down does not mean it's "free".
This FL Homeowner was Furious, You Won't Believe What They Did
Sarah, is a homeowner in Port Charlotte, who encountered an ad for “Free Solar Panel Installation.” Excited by the proposition of free solar, she contacted the advertiser, only to learn that while installation fees were waived, the cost of the solar panels themselves and the ongoing electricity they produced were not included. She was furious and, as a result, she had reported the advertiser and publicly reviewed her experience with this company. This highlighted the importance of understanding the full scope of “free” offers. Fortunately, Horizon Energy was able to step in and explain the situation, and what she actually eligible for, and we were capable of replacing her bill with a solar expense that was far less expensive than what she was paying the utility company.
Solar Options in Florida
Given these insights, it's important to fact-check the solar market carefully. Here at Horizon Energy Solutions, we believe in transparency and helping you find the best solar solution that aligns with your needs and benefits.
Financing Your Solar System
There are alternative methods of acquiring solar that can offer you the benefit of not splashing all the cash upfront. Solar loans, for example, allow you to own your system outright, making you eligible for tax credits and incentives, which can significantly offset the initial cost. While leases allow you to pay for a fixed kWh rate while also pushing all the liability onto the leasing company, a perfect option for those who don't want the responsibility to maintain their equipment while they are making payments.
The Real Savings
Getting solar means the savings from reduced electricity bills directly benefit you. With the right financing, the investment in solar can pay for itself over time, offering genuine savings, energy independence, and sound predictability.
Making the Right Choice
While the promise of "free" solar panels can be tempting, understanding the reality behind these offers is crucial. As your trusted local solar provider in SWFL, Horizon Energy Solutions is committed to helping you through honesty and expertise. Remember, the goal is to achieve sustainable savings and energy independence for years to come, and choosing the right solar provider is the first step. If you're ready to explore solar for your home, without falling for misleading offers, reach out to us.
FAQs
Are there truly "free" solar panels available in Florida?
The term "free" solar panels often refers to solar leases or where there's no upfront cost for installation. However, you do pay a payment over time which with interest may be more than paying upfront, but can still be at a lower rate than your current utility costs.
Who gets the tax credits and incentives in a lease?
For solar leases, the company that owns the solar system claims the tax credits and incentives. This arrangement can make solar accessible without a large initial investment, although it means those specific financial benefits don't go directly to the homeowner. This method is ideal for those homeowners who do not carry enough tax liability to qualify for the federal tax credit.
Can a solar lease or PPA affect selling my home?
It might. The agreement usually needs to be transferred to the buyer, which can be straightforward but is an additional step in the selling process. Some buyers may see the existing solar agreement as a benefit, appreciating the lower utility costs without the upfront investment.
Is it better to lease or own solar panels?
Both leasing and owning have their benefits. Leasing can provide access to solar power with little to no upfront costs as well, making it easy for homeowners to reduce their utility bills. The largest benefit to leasing would be the fact that you do not carry any liability for the equipment in most scenarios, like natural disasters or other damages. Owning your panels, on the other hand, allows you to capitalize on tax credits and increases the value of your home, but you are responsible for maintaining the system. The best choice depends on your financial situation, long-term plans, and personal preferences.
How can I decide which solar option is best for me?
Consulting with a knowledgeable solar provider like Horizon Energy Solutions can help. We take the time to understand your specific needs, preferences, and financial situation, guiding you toward the solar solution that maximizes your benefits, whether that's leasing, a PPA, or purchasing your system outright.
Before you decide, consider all your options. Be wary of offers that seem too good to be true, and remember to fact-check what you see online or at the door. At Horizon Energy Solutions, we offer a free solar calculator down below that can help estimate your potential savings and guide you through choosing the best options for your home. Simply plug in your monthly bill and the percentage you would like to offset it and will load all the details.
Savings INSTANTLY!