With more ads promoting free solar panels in Florida, many residents are curious about how these offers work. But are they really free? Here, we’ll cover what these deals entail, the options they provide, and how you can make the best choice for solar savings in Florida.
What Does “Free Solar Panels in Florida” Actually Mean?
When companies advertise free solar panels in Florida, they typically offer a lease or power purchase agreement (PPA). With both options, you avoid upfront costs, but the solar company retains ownership of the system. Instead, you’ll pay either a fixed monthly fee for leasing the equipment or a per-kilowatt-hour rate for the electricity generated by the panels. While this can lower your energy bills, these arrangements aren’t truly “free”—they’re financing solutions with specific terms.
For a detailed breakdown of leasing and PPAs, see EnergySage’s guide.
The Cost of Solar in Florida and Potential Savings
In Florida, the cost of purchasing solar panels ranges between $15,000 and $50,000 depending on system size. While this can be significant, homeowners who buy their systems have access to the 30% federal tax credit and state incentives, helping offset costs. In addition, solar panel owners in Florida can benefit from net metering, which allows them to sell excess power back to the grid, further reducing energy expenses.
To estimate if buying is better for you, try Solar United Neighbors’ cost estimator.
Advantages and Disadvantages of Zero-Down Solar Programs
Zero-down solar options, like leases and PPAs, make it easier to start with free solar panels in Florida by reducing installation costs. However, they come with both benefits and limitations:
- Pros: No upfront payment, lower monthly energy costs, and maintenance covered by the solar provider.
- Cons: You miss out on ownership incentives, home value gains, and the benefits of net metering.
Financing Options for Solar Ownership in Florida
If you’d prefer to own your solar system, several financing options make it affordable:
- Solar Loans: Florida has low-interest solar loans, making it easier to own panels and qualify for incentives.
- PACE Financing: With the Florida PACE program, homeowners can spread costs over time through property tax assessments, giving more flexibility than conventional loans.
For more details, visit Florida Power Services Company to see what financing and solar options are available in your area.
Is Solar Right for You?
Though free solar panels in Florida sound attractive, these offers often come with strings attached. Zero-down solar financing may work well for those unable to buy upfront, but the most significant savings and benefits come with ownership. For those interested in full ownership and incentives, partnering with experienced providers like SunVena or Florida Power Services Company can help you get started.
