Here's why you just might want to reconsider signing that 30 year solar leasing company's loan with it's 30% balloon payment and its 2.9% annual payment increases.
Solar leases, power purchase agreements and 30 year balloon payment loans are three of the most expensive ways to have solar on your Indiana home or business.
Today a name brand, average sized 4.75 kW grid
tie solar system that will produce up to 600 kWh per
month with only 5 hours of peak sunshine per day, can
now be purchased for less than $2.20 a watt after
applying the tax credit, or less than $11,000
You'll easily pay up to three times this amount with a $0 down solar lease or PPA.