There’smore than a little weirdnesson the financing side ofsolar panelsright now.
Deciding to go solar can be complicated enough before you dive in contending withdoor-to-door salespeopleandconfusing financing offers.
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Here’s your guide navigating the financing part of the solar equation.
And with decades-long lease or loan terms, that’s no small thing.
But Milz said customers are entitled to see a contract and take the time to review it.
But homeowners are eligible for those only if they’re buying (i.e.
owning) the panels.
“That’s something that’s confusing to the average consumer,” Milz said.
(Another reason to take your time reading the fine print.)
“Folks are often caught off guard by that,” Milz said.
The escalator “could be much higher than your utility rate is actually increasing,” she said.
But generally speaking, you want totreat this like any other major transaction.
Considermultiple options and installers, shop around and work with people who you trust.
“Slow the process down.
Demand to see the contract in advance.
Demand a paper copy if you might get one,” Milz said.
“Don’t be rushed through the transaction.”
Saidov also urges customers to consider alternative financing options.
You don’t have to finance the solar panels through the installation company.
