FAQs:
What is a solar lease? If you lease, the solar company owns and installs the solar energy
system, and you sign a contract to use the system. You will have to pay a monthly leasing fee
for the duration of the lease. You use the electricity generated by your system, but you also
pay your utility for any electricity you use in excess of whatever your system provides.
What is a power purchase agreement? A PPA is similar to a lease. If you have a PPA, a solar
project developer owns the solar energy system and installs it on your home. You pay the
developer for the energy generated by the solar system, and you pay the utility for any
electricity you use in excess of whatever your system provides.
Warning: If you lease or have a PPA, your payments could increase over time. Read the
agreement carefully and make sure you understand your options.
Bottom Line: You might be able to install a solar energy system on your house with a low or
no initial down payment, but the solar system will not actually be “free.” Please be aware:
certain state and federal financial incentives are available only if you purchase your solar
energy system. Learn more about your options for financing a solar energy system before you
decide.
Resources:
Solar Leases & PPAs
Solar panel incentives, rebates & tax breaks
Database of State Incentives for Renewables & Efficiency
Maryland consumers having a complaint concerning a solar installer in Maryland should file a
complaint with the Office of the Attorney General Consumer Protection Division Online
complains may be filed here
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subject to change without notice. Links to websites are provided for information only. MEA does not control or maintain the material presented
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