Power purchase agreements are the way to go. It makes no financial sense to finance in this economy. You can do a lease but the reason that power purchase agreements came out is because some homeowners either didn’t want to pay upfront or it didn’t make sense at that time. With a PPA you have the opportunity to buy it out after 5 years and they take depreciation into count and they are under a 25 year warranty where they will come and clean them and take care of everything for you. Another thing it is a flat rate under 30 cents per kilowatt that will go up a couple dollars a year. There is no tax credit for this program but it is saving people 30-40 percent off of their bills
No one is talking about the additional cost to remove and replace the panels when the roof needs to be replaced do to age. 90% of people ditch the panels when the realize that they have to find a third party company (which don't exist ) to remove and replace the panels. The roofers won't touch them and the solar panel companies will only install new systems. That is the cold hard solar truth that no one want to talk about. Sorry.
Most likely you'll have to qualify for and assume the PPA agreement as well so make sure you know what the contract states and what your responsibilities would be (time left, maintenance, etc.)
Hi guys I recently bought a house with 28 solar panels. right now the solars are disconnected because the hose was for sell. Previous owner paid off the solars and they said” I should call the solar company to they send somebody to reconnect the solars” I called to the company and they said the solar is paid in full and we need to run your credit now, I asked why ? They said because we should make sure you are eligible or no 🤯 I denied to they run my credit because the solars are paid off and ask them to send somebody to reconnect solars but they didn’t . What should I do guys help me
