- False Claim: Solar is free - Solar can offset your electricity bill, and while it is very common to end up cash-flow positive from day one with savings every month, it is not free. Misleading ads often frame solar as entirely eliminating your energy costs while hiding the repayment of the system itself, or the cost of your ongoing utility bill to stay connected to the grid.
- False Claim: New incentives have just made solar better than ever - Solar in Arizona is a great financial decision for many homeowners, but there are no new incentives. Some incentives are reduced from what they previously were, but solar equipment prices have also decreased, resulting in solar still being a viable option now. We always recommend going solar sooner than later to take advantage of current incentives, but ads suggesting that solar has only now become viable are misleading.
- False Claim: Go solar before it's too late - There is no deadline to go solar. Technology continues to improve, and with payback periods under 10 years for systems with expected lifespans at or above 30 years, solar is not going away. While true that it's advantageous to go solar while existing incentives are active, don't fall for the "fear of missing out" ads that put a hard deadline on your chance to go solar.
- Utility rates are going to go up X% in X years - Ads and estimates often use national averages to model utility rate increases, which can often be 4 or 5% per year. TEP's historic energy rate increases have been closer to 2%. Sales companies do this to inflate the long-term savings on a system. Ask for a estimate that includes savings with realistic projections that are actually based on what has happened in the past with TEP's rates. If the company cannot speak to TEP's rate history then that is telling in itself.
- Ask around: Solar is visible. If you are considering solar and see panels on a neighbors rooftop, ask them where they got it! Talk to folks in the community about their experiences with solar companies.
- Research online: Check out your potential installer's website. Check out their reviews on Google, Facebook, and Yelp. Be sure to confirm they have an Arizona Registrar of Contractors license and look for any complaints. Consider how long the company has been in business (you can find this info on the ACC site) and whether they are likely to be around to honor their warranty.
- Inform yourself and ask questions: We always recommend that customers ask as many questions as they need before making a commitment. If your potential installer is unwilling or has difficulty giving you clear answers to questions - simple or technical - we recommend getting a second opinion.
These unique solar loan programs let you go solar with little or no money down, while benefiting from an immediate savings on your electric bill. These financing options give an overall better return on investment than a lease without the upfront cost of a cash purchase.
- Multiple term options for repayment, with a +25 year lifespan of solar
- Maintenance is covered under 10 year TFS workmanship warranty
- Take advantage of tax credits to reduce price of system
- No prepayment penalty
- Ease of sale: solar is considered an asset to house, reflected at resale and property evaluation
Cash purchase is always available to customers interested in the option. For homeowners equipped to pay for their system up front, cash purchase has the highest return on investment.
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Arizona State law A.R.S. § 33-439 protects private property solar access by nullifying Home Owners Association covenants restricting solar energy systems. See DSIRE website.