Free Home Solar: Explained

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Free home solar: explained is an in-depth look at why so many companies make this claim. The reason companies feel so confident in making such a claim is because it’s true for the majority of home solar systems.

Power companies are renting you electricity versus a solar payment will go toward ownership. So the theory of “free home solar” is you can use the power bill money for the solar payment. With the power company, you never own anything but with solar you do.

Every Home Has a Break-Even Point for a Solar System

Every home solar system has a breakeven point to pay for itself with the exception of leasing solar panels. Let’s get leasing out of the way before we go further, leasing solar is a horrible idea. The reason should be obvious, but you still own nothing after paying lease payments and you never will own anything.

The Amount of Money You Earn From Solar Depends On How Much You Pay for Solar

The real question is, exactly how free is solar? This is where things can get complicated because it depends on how much you paid for a solar system. Typically you fill in a form online inquiring about solar. You get a call to have a sit down meeting about solar and you want to know what solar costs so you agree to a meeting.  The sales rep looks at your power bill to determine your home’s average kWh’s used per month to figure out the ideal size solar system. Then you find out they want more information before they give you a price. Now they want to run a credit check and in order to do that, they need you and your spouses personal information including your social security numbers. They put you through all this just to get a price!

The next step is to explain how their company policy is they do everything simultaneously. The design and layout of your system, installation costs, permits, and a credit check to see if you qualify. Then they’ll play dumb if it’s a hard credit check or not but it’s a hard credit check. In order to finance home solar you need to have very good credit.

If you have good credit don't finance solar, get a different type of loan on your own, pay cash, and save a bundle!

See Charts Below That Demonstrate The Obscene Overhead Costs a Solar Company Passes On To The Customer

The Solar Industry Is Selling a Payment

They’re professional salespeople so they know how to gain your trust. Then they proceed to do what any good car salesperson does, sell you a payment. They are selling a payment because they don’t want you looking at the price of the system or the interest? Interest for qualified applicants is 5% to 6% loan over twenty years. That interest rate may sound low but over twenty years it totals out to the cost of the system.

The interest on a twenty-year loan effectively wipes out all the profit you could have made. Some people think who cares it’s the power bill money I’m spending. But at the end of the day going solar is a wash because of the loan interest.

Going Solar Has To Be The Homeowners Idea for The Most Profit

Anyone who’s bought several automobiles in their life have had two uniquely different experiences. In one scenario we were just looking and the next thing you know you’re driving out in a new car. In the second scenario, we knew what car we wanted and researched and learned about that car. Which scenario did I get a better deal? In the first scenario I was sold a payment and I paid to much for the car. I was sold a car versus buying a car because I wasn’t prepared, I overpaid.

The point I’m making is, decide for yourself to go solar and prepare accordingly. Don’t get sold by a salesperson and overpay. Decide if solar is for you before meeting with anyone about solar. Make going solar your idea and research for the best deal for a high-quality solar system. Then you will not get free solar, you will get profitable solar because your using the power companies money.

It’s Best To Take Charge When Buying Solar

It’s best to cover all the bases yourself and not to depend on a company doing the right thing. Be aware of the solar system price, the financing and interest costs over the long term.

I highly recommend getting your own financing such as a home improvement loan or refinance with the solar included or just buy on credit. All solar companies require excellent credit in order to secure a twenty-year loan and then you pay up to $2500 in points. The solar company buries this cost in the deal because they don’t want you to know.

“Your Solar Advocate” is the best way to go solar because you get expert guidance through the entire process. The same expert knowledge of solar companies without the added costs of salespeople, marketing, closing points, and more. Florida solar report has given birth to a revolutionary idea in the solar industry.

A Solar Companies’ Cost Breakdown for a 7K Solar System

Add-Ons To Every Solar Proposal Cost of Add-Ons
The Cost of Salesperson $3000
Sales Manager $1500
Proposal Builders and Permitting Department $1000
Overhead: Rent, Auto Insurance, Vehicles, and Utilities $1000
Cost of Leads and Marketing $1000
Points for Low Interest 20 Year Loan Terms (Frequently Hidden Cost) $2500
Solar Panels, Inverter, Installation $17,000
Solar Company Profit $5000
Total $32,000

Federal ITC Is 26% Off The Above Cost for Qualified Buyers
(Many Solar Companies Use Tax Credit as a down-payment 12 to 15 months after the deal is closed). The solar company doesn’t pay the additional overhead costs, the buyer pays for them.

You Can Profit From Solar

Your Solar Advocate helps turn your free solar into profitable solar. My experience has been most customers have good instincts because they don’t buy at inflated prices. Over 90% of proposed customers want solar but don’t buy because of the price. Customers know solar companies are inflating the price but they are not sure why? Its the price that’s the problem because homeowners don’t want to do business with somebody taking advantage of them.

Solar company prices are inflated due to all the additional costs over and above the cost of solar panels and installation. Homeowners prefer to keep that extra money in your pocket where it belongs, not for a solar companies reckless spending.

Excellent Return On Investment

Here’s an example breakdown of what a system costs when using “Your Solar Advocate” or buying direct from GoGreenSolar.

Add-Ons To Every Solar Proposal Cost of Add-Ons
The Cost of Salesperson $3000
Sales Manager $1500
Proposal Builders and Permitting Department $1000
Overhead: Rent, Auto Insurance, Vehicles, and Utilities $1000
Cost of Leads and Marketing $1000
Points for Low Interest 20 Year Loan Terms (Frequently Hidden Cost) $2500
Solar Panels, Inverter, Installation $17,000
Solar Company Profit $5000
Your Solar Advocate Cash Price Installed 2.75 a Watt Installed In Florida and Many Other States $19,250
For those who qualify for the Federal ITC Solar Tax Credit, receive an Income Tax Credit of 26% of the total cost a solar system

The tax credit for the Above Example example is $5005, resulting in a total Net Cost of $14,245

Get the right experts combined with a lower cost all but guarantees home solar in Florida is an excellent investment. The key is to eliminate the ridiculous overhead solar companies are passing on to you. That’s where “Your Solar Advocate” comes in, by helping you get the best savings possible, and getting a great ROI.

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