How To Avoid Solar Panel Scams | Ask This Old House

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In this video, This Old House home technology expert Ross Trethewey teaches host Kevin O’Connor what he needs to know about solar installation plans, financing, and rebates to ensure homeowners get the most for their investment. SUBSCRIBE to This Old House: http://bit.ly/SubscribeThisOldHouse. Why Solar is So Popular Everyone’s phones and internet browsers are full of solar panel ads, and there are now door-to-door salesmen walking through neighborhoods attempting to sell systems. Why is solar so popular right now? Ways to Finance Solar Installation There are essentially four ways to pay for solar installation. Those ways include the homeowner paying for the solar system themselves out of pocket, using a third-party lender to secure a loan for the system and installation, leasing the system from a solar company, and a power purchase agreement. The benefits of these options vary. Cash When a homeowner pays for their own installation, they own the system. This means they can take full advantage of the solar rebates offered by federal and local governments. While they do have to come up with a lot of money (typically north of $13,000), they don’t have to pay interest. They might also be able to obtain a discount for full payment. Loan Some homeowners may choose to secure a third-party loan to pay for their solar panel system. In this scenario, the homeowner still owns the panels, and they retain all of the tax rebate benefits, but they’ll have to pay back the loan amount pl

Published 2022-11-07 · Watch on YouTube ↗
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