Yes!
And, no.
Solar energy itself is free and available everywhere. Solar panels, however, are not. That said, you can get solar panels installed for your property without spending a dime, and realize significant savings on your monthly electricity bills. In effect, you not only get solar panels for free, but actually save money on your monthly electricity bills. So, you make a profit by using solar energy that you get for free.
Here’s how.
Method 1: Solar Leases
Many solar panel installers make it easy for residential and commercial customers to enjoy the benefits of solar without a considerable upfront investment.
With solar leases, customers don’t buy any equipment, or make an upfront payment. Instead, the installer pays for the equipment, installs it for you, and sets up everything. The only thing you do is pay for your monthly power usage from your newly installed solar equipment.
And here’s the kicker. The monthly bill is calculated at a rate that’s lower than the rates of your utility company. What’s more, you can get your solar power rate locked in for several years. So, even when your utility company’s rates go up, you pay at the same rate.
Zero upfront payment, lower power rates, and freedom from inflation for years – what’s not to love?
Method 2: Solar Loans
Although solar power penetration is low, it is leapfrogging towards becoming the mainstream source of energy for businesses and residential customers. For this reason, there are ample financing options available for customers. In fact, some of the solar financing options offer a low interest rate of 0.99%.
If that doesn’t impress you, consider this: most solar loans come with a $0 down payment plans. No upfront costs, whatsoever.
Unlike solar leases, you actually own the equipment, get the State and Federal Incentives, and still get to pay monthly on a fixed payment schedule. So, you continue to take advantage of free solar energy and enjoy freedom from utility bills, even without making an upfront investment.
Once you pay off your solar loan, your solar infrastructure is yours, and it will continue to meet your energy needs.
Bye-bye electricity bills!
Wrapping Up
Innovative solar incentive programs in Rhode Island not only help customers save on their electricity bills but also earn money by sending their excess residential Solar Energy in Rhode Island to the grid.
So, yes. You really can get residential solar energy in Rhode Island for free, and some more.
Contact Green Power Energy for more information.
