Know the Difference: Owning Your Solar vs. “Free” Solar

Solar energy is an excellent way to reduce electricity bills and support a cleaner planet. But before jumping into a solar deal, it’s important to understand the difference between owning your solar system and opting for so-called “free” solar. The two paths come with very different financial and practical implications.

The Truth About “Free” Solar

Many companies advertise “free” solar panel installations, but what does that really mean? Here’s what you need to know:

• You Don’t Own the Panels – The solar company retains ownership, which means you’re essentially renting your roof space.
• Long-Term Contracts – These agreements often last decades, locking you into fixed payments.
• They Profit from Your Roof – The company sells excess energy back to the grid, keeping the profits for themselves.
• Hard to Sell Your Home – If you decide to move, potential buyers must take over your solar contract, which can make selling more complicated.
• Limited Control – Any modifications to your roof or system may require permission from the solar company.

The Benefits of Owning Your Solar System

When you choose to own your solar panels, you reap all the benefits without the downsides of third-party contracts. Here’s why ownership is the better option:

• Full Ownership – The system belongs to you from day one.
• No Long-Term Contracts – No hidden clauses or commitments to another company.
• All the Savings – You keep 100% of the energy savings and any earnings from exporting excess energy, if the system is MCS registered. 
• Property Value Boost – Owned solar systems can increase the value of your home, making it more attractive to buyers.
• Freedom to Upgrade or Sell – No restrictions if you want to modify your system or move to a new home.

Making the Right Choice

Before signing any solar agreement, be sure to weigh the long-term benefits of ownership versus the short-term appeal of a “free” installation. While leasing or power purchase agreements may seem convenient, owning your solar system gives you greater financial benefits, property value, and energy independence.

If you’re ready to take full control of your energy future, consider investing in a solar system that you own outright. Your home, your savings, and your peace of mind will thank you!