Avoid Solar Panel SCAMS with These 7 Tips

To avoid falling for a bad solar panel deal, be cautious of sales tactics that seem like scams.

To avoid a poor-quality solar panel deal, be wary of these deceitful sales tactics.

If you feel anxious about talking to a salesperson about solar energy, that’s common. If you want to save money on your energy bills or help the environment, you might feel overwhelmed by the complicated process of buying solar panels. It’s important to have a good understanding of the industry, technology, regulations, and incentives so that you are well-informed when speaking with salespeople who may make promises that they can’t keep. Solar installations are predicted to increase by 21% each year from 2023. This could lead to more people having to navigate an unfamiliar industry with many companies in order to save money. Although there is a high-profile case where a company made false promises, this is not common. Instead of avoiding solar energy altogether, educate yourself with these seven signs of a bad solar deal.

Can solar panels really save you money?

“Getting solar panels is a good investment for the future but it may take some time to get your money back. The payback period is how long it takes to make enough energy savings to earn back the money you first spent. The amount you save each month depends on how big your solar system is and how much energy your house uses.

If you make more energy than what you use, the extra energy you would receive credit towards your bill, but you don’t usually get paid in cash. Even without getting paid, not having to pay your utility company over time means you’ll save a lot of money.”

How to estimate your solar savings monthly or annually

This tells you how to work out how long it will take to save enough money to pay for the cost of installing solar panels. First, add up all the money you spent, then, guess how much you’ll save on electricity each month using the panels. Finally, divide the cost of the panels by the amount you’ll save each year. The answer tells you how many years it will take to save back the amount of money to paid for the installation. If you want more information, contact us on 07083492466It’s important to ask your installer questions and pick the offer that suits you best. This is a significant purchase, so take your time.

Check your monthly electric bill

Want to see how much you can save on your monthly electric bill using solar? Keep in mind, you may still have to pay some fees or electricity usage charges. This varies depending on your home and how many solar panels you have installed. Check your bill for at least six months to see your typical power consumption and seasonal changes. Your yearly savings could be up to $1,500 if you switch to solar and are currently paying $125 monthly for electricity. Savings will differ from home to home.

Figure out how long it will take to get your money back

To find out how long it takes to recoup the cost of your system, divide the net cost by your annual savings. For instance, if the system costs $15,000 and saves $1,500 per year, it will take 10 years to break even.Get an idea of your potential savings from solar panels by figuring out how long it takes to pay them off before you start benefiting from the savings. After that period, everything you save is considered profit. Solar panel warranties are typically 25 years, and they generally last even longer. $1,500 a year for 15 years gives you substantial savings of $22,500. However, this estimate is simplified because even the most efficient solar panels will lose some productivity over time, meaning that your power generation will decline. Manufacturers usually guarantee that panels will produce 85% to 95% of their original power output. To get an accurate estimate of solar panel lifespan and cost savings, it’s best to speak with a professional like us

How to avoid solar panel scams issues

Different people define scams in different ways, but for this article, we want to make sure that what you get is what you were promised. This can involve various kinds of dishonesty, but the same principles apply. Before we get into the details of avoiding scams, it’s important to always get at least three price quotes and compare them. This way, you can avoid buying anything too expensive and learn more about the process through asking questions. It’s important to do your own research and ask questions, and reputable solar companies should have no problem answering all of them.

Before you start shopping for solar panels, there are a few things yo should know.

There is a lot of competition in the solar industry. Different companies use various sales strategies, such as having sales teams or using third parties to provide services. At ELITES LOGIN, we help you get the best by guiding you through the process to ensure you receive top-notch services. Although there are rules to protect consumers, different companies may use distinct tactics, and some can be dishonest. It is vital to know some essential things about solar power to protect yourself and identify when a sales representative is breaking the rules.

The effect of solar energy on your utility bill

A salesperson may say that solar panels can completely eliminate your bill and you can forget about your utility company, but that’s not always true. It depends on how much you want to spend on solar panels. Your bill will depend on how much electricity you use, most especially when using prepaid meters, how much energy your solar panels generate and the fees you pay to keep the power grid working. Properly installed solar panels will reduce your energy use and save you money, but the amount you save will vary from person to person.

What free solar really means

“If you see ads that claim you can put solar panels on your house for free, make sure you understand what ‘free’ means. Likely, it means the product advertised is either a Power Purchase Agreement (PPA) (popularly known as pay as you go) or a solar lease. Though this means you don’t pay a large up-front cost for the panels, you will pay monthly to the company that owns them. These are legitimate services and part of the reason residential solar has exploded in the last decade. You’re likely to save more money overall with a purchase than a solar lease or PPA. Still, the low up-front cost of these two options may make solar more accessible and still save you money in the long run, even if the electricity isn’t exactly free. With leases and PPAs, you save money if the amount you pay doesn’t rise faster than the cost of electricity from your utility.”

Is your home suitable for solar?

Siting solar panels on your roof is another potential issue. In the northern hemisphere, panels produce the most electricity facing south, though east- and west-facing panels work too. Panels facing west might be useful in areas with time-of-use rates, where afternoon and evening solar production can offset more costly electricity.