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Free solar ???????

jonny88jonny88 Posts: 530Member ✭✭
i got a letter from a solar company saying they will install solar panels for free and instead of paying utility company you pay them the bill.Im in long island company is RGS

Is this to good to be true or where is the catch
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  • SWEISWEI Posts: 4,670Member ✭✭✭✭
    Probably  Not all states have enabling legislation yet.
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  • elizebethwoodhallelizebethwoodhall Posts: 4Member

    Yeah even i got such mail few months ago, still waiting for them!!!
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  • SethKSethK Posts: 8Member
    edited May 2014

    They keep your federal and local grants/rebates/etc, and you are leasing the system and paying for it by paying them a lower rate.

    Pros: it's easy, costs nothing up front and saves money, I believe no maintenance costs, and usually they will take it down the moment you don't want it.

    Cons: you don't own it, those rebates can only be used once so you can't use them to buy your own system in the future, and your power will never be free -- if you own a system it will eventually pay for itself (5-8 years or so depending on many factors) and after that it's basically free power (minus maintenance and inverter replacement).

    My plan is to buy my own system in 2016 before the federal incentives expire, unless my town does some big rebate before then.
    Post edited by SethK on
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