Is Solar Right for Your Home?

Federal Trade Commission (FTC) Consumer Article Summary

Before switching to solar, homeowners should weigh a variety of factors — including cost savings, system ownership options, and their utility provider’s policies. Whether buying, leasing, or signing a power purchase agreement (PPA), it’s essential to understand how much energy you use, what your utility allows for net metering, and whether your property is well-suited for solar installation. The potential to reduce energy bills and use renewable energy is real, but solar panels are long-term commitments that may affect your home’s marketability and resale value.

The article encourages consumers to compare bids, research installation companies, and scrutinize contract terms closely. Ownership typically brings greater financial incentives — including eligibility for tax credits and renewable energy certificates — but also comes with maintenance obligations. Leases and PPAs shift maintenance to the provider, though they can limit consumer benefits and flexibility. Financing options like PACE loans, which attach a lien to your property tax bill, may complicate refinancing or resale. As always, review all contracts carefully, understand your cancellation rights, and consult legal or financial advisors if needed to ensure your solar investment is a sound one.