Can I Really Get Free Solar?
Everyone has seen the ads online or on Facebook. They usually say something along the lines of “The government will put solar on your house for FREE!” This definitely grabs one’s attention, and may even entice you to click on the ad.
Is it True?
Yes, if you meet certain criteria, the government will pay for all or part of your residential solar system. Those criteria are living in a disadvantaged community and, and having a certain amount of household income. Here is a link to learn more, and find out if you qualify.
California CPUC Criteria for Free Solar
How do I Get Free Solar?
Can you get free solar for your home? Probably not, but you can get customer owned solar installed for zero upfront costs. Solar component costs have drastically decreased in the last 10 years, as well as install labor costs. Banks are much more comfortable writing loans for solar, with low interest rates, and zero down payments.
But I Want Something for FREE!
The Federal Government has The Incentive Tax Credit (ITC) program. It gives solar owners 26% of their solar install costs back as a tax return to cash out, or use towards the principal of your solar loan. So, if a solar install costs $30,000 for example, the home owner will receive $7,800 in tax credit. That is a decent chunk of money!Use the money to pay down your solar loan, or buy a boat. It is completely up to you.
What Else is Free?
The Energy from the sun is free all year long, even in winter! However, you need the solar panels to convert that energy into electricity. Here at SIG Solar Placerville, we offer free home energy assessments to see if solar is a good fit for you. Contact us to learn more!
Still Have Questions? We’re Here to Help!
We are here to help. Solar can feel like a daunting task. The more you research, the more confusing it becomes. Contact us for a free over-the-phone solar consultation. We are the experts and can tell you if your home is a good fit for solar, batteries, and/or a whole home generator.