Holy Cow. There are really two sides to this issue and opinions are very strong. I think it actually depends on the company and their integrity but maybe that is just me. I start with the NO sayers and next week I will post the YES sayers.
FACT: If you owe federal income taxes, then there’s absolutely no such thing as a $0 down solar lease or PPA.
And here’s why: A mandatory condition of both of these rental programs is that you forfeit the 30% federal tax credit and any cash rebate to the solar lease or PPA company.
The 30% federal tax credit alone is typically worth anywhere from $3,500 to well over $10,000.000 at the leasing company’s much higher pricing.
Before signing any contract, always demand to be shown, in writing, both the amount of the tax credit and any rebate that you’re providing as a down payment as well as the total system price.
If your solar lease or PPA salesman refuses to provide you with this information, then it is in your best financial interest to ask your salesman to leave.
Go there and read. More next week