Solar leases and ppas are two of the most expensive ways
to have solar on your NEW JERSEY Roof.

Solar Lease Ball And Chain 

 

Unfortunately for Indiana consumers, the solar lease and power purchase gimmicks that are popping up across the country are two of the most expensive ways to have solar on your roof. Up to three times the cost of a purchased system using the same name brand, reliable equipment.

On average, after factoring your monthly lease payment, a solar lease or PPA will only save you about 10% to 15% on your electric bill which is hardly worth having the same set of solar panels on your roof with no way to upgrade, on a non-cancelable 20 year contract. Visit complaint boards such as yelp.com, BBB.org or consumeraffairs.com and enter the name of the solar leasing company that you're considering and you'll find homeowners who are complaining that they haven't saved anything at all after having a leased/PPA solar system installed.

Add up the solar lease/PPA payments over the 20 year course of the contract and you'll find that you will typically pay so much more to rent a system from a solar lease or PPA when compared to a purchase, that's it's actually you who will be over-paying to maintain, monitor and insure the leasing company's equipment.

You'll probably have problems selling your home with a solar lease or power purchase agreement attached to it. What home buyer will want to assume your remaining lease payments on a used, outdated solar system when they can own a brand new system with the latest technology and keep the 30% federal tax credit for thousands less.

Don't believe it ? Well then simply type the keywords "solar lease scaring buyers" into Google and you can read many accounts of homeowners and real estate professionals reporting difficulty when trying to sell a home with a 20 year solar lease or PPA attached to it.

Solar leases and power purchase agreements will typically only save you about 10% to 15% on your electric bill after you factor in the monthly lease/PPA payment.

And to make matters worse, most if not all $0 down solar leases include an annual payment escalator that will increase your monthly payment by up to 2.9% per year, every year for 20 years. A lease payment that may start at $80 per month can run into the hundreds of dollars toward the end of a lease contract.

Imagine what would happen if your utility company decides to, or is ever mandated to add fees or decrease their net metering compensation like what just happened in Nevada. On a lease with annual payment increases, you could end up being forced to pay more for your electricity than if you never had signed that air tight, escalating solar lease contract in the first place.

You'll have to forfeit the 30% federal tax credit and any applicable cash rebate to the leasing company and you won't get tax deductible interest on your lease payments. By purchasing your system with a $0 down FHA solar loan or PACE financing instead, you may qualify for tax deductible interest. Solar leases and power purchase agreements don't offer tax deductible interest.

And after making 20 years worth of leasing payments, you won't even own the system. It will still belong to the leasing company. If you want to own their system after making all those payment, then you'll have to buy it from the leasing company at the end of your lease at fair market value.

Add up all of the disadvantages that a Solar Lease or Power Purchase Agreement offer and you'll find that neither of these forms of rental financing makes much sense in today's much lower priced solar market.

 

Solar Leasing

 

1-888-955-3471





ordinary solar systems in Indiana are designed to
automatically turn themselves off during a power OUTAGE.

Solar Power Automatic Off

You'll have all those solar panels on your roof and your system won't produce
enough power to even charge a cellphone. Even during daylight hours!

If you're thinking about an expensive solar lease or PPA, consider this:
For far less money than what you'll pay to the solar lease or PPA company
to rent one of their grid tie only solar systems, you could instead, own
a grid tie battery backup system that can reduce or eliminate your
electric bill and provide emergency power during a power outage.

 

 

1-888-955-3471

 


 


$0 Down financing for your INDIANA SOLAR energy project

Title 1 Loans

FHA Title 1 loans. No money down. No equity required. Interest may be tax deductible.

LightStream Loans

LightStream loans. $0 down. No collateral required or lien against your home. Affordable Payments.

PACE Loans

PACE Financing. Payments made through your prpoerty tax bill. Interest may be tax deductible.

Comerica Loans

Comerica loans. $0 down and no payments for one full year as well as home equity lines of credit.



 
CONTRACTOR INSTALLED OR DIY

IT'S YOUR CHOICE

Save up to $7,800 on a typical 6.8 kW system by performing the
bulk of the installation yourself with our assistance !

 

NO BALLOON PAYMENT LOANS on overpriced solar systems.

Not all $0 down Indiana solar loans are created equal. Many differ drastically. For instance, some $0 down solar loans require a 30% balloon payment that is due on June 1st the year after installation, regardless of the amount claimed in the tax credit and you'll have a 2.9% annual payment increase and the interest is not tax deductible.

LEARN more
Year Established
Years In Business
All 50 States
Customers Served

 

ADVANCED LITHIUM IRON BATTERY TECHNOLOGY

Specially designed for off grid and grid tie battery backup applications.











Nationwide Solar Is A Name You Can Trust

Nationwide Solar, Inc. was founded by one of the oldest names serving the Indiana solar PV market. Our primary focus is customer satisfaction. Regardless of cost, the customer always comes first. An extremely competitive price is only the beginning of the Nationwide Solar customer experience. We maintain a staff of professionally trained system designers that are always available to answer any of your questions. Our referred list of Indiana licensed contractors are available for consultation as well as providing full turn key installation service.

products & Pricing

ULTRA LOW PRICING

Name brand grid tie solar system for less than 1/2 the cost of a $0 down solar lease.

REAL $0 Down LOans

No 30% balloon payments and no annual payment increases. Many loans with tax deductible interest.

Gen II Technology

Advanced PV technology for higher performance and reliability for years of maintenance free service.

 

 

WE'RE AMERICA'S NUMBER ONE DISCOUNT SOLAR DEALER.

WE'LL SAVE YOU THOUSANDS, EVEN TENS OF THOUSANDS OF DOLLARS ON A NAME BRAND GRID TIE SOLAR SYSTEM.