Thinking about getting free solar panels for your Utah home? Think again. This myth is one of the bigger ones that plagues our industry and leaves customers feeling duped and confused. At Mynt Solar, we want to always be transparent with our business practices, which is why our team put together this post to help clarify a few things. Keep reading to learn more.
The Myth: Free Solar Panels for Your Home
Over the last few years, some of our competitors in the solar industry have used marketing ploys to try to make it appear as though it’s possible to get free solar panels for your home. The truth? There is a cost associated with solar, which is largely offset by tax incentives and bill credits over the next few years, regardless of the solar company you use.
In most cases, the solar system is financed with a $0 down, low-interest loan, and the monthly payment replaces your monthly power bill. So this is what they mean by “free”.
For many consumers with low credit scores,, financing just isn’t an option. By the time they’ve gone through the process of getting excited about adding solar panels to their home, they find out the free part isn’t actually a reality and they actually have to pay out-of-pocket for their installation.
Affordable Utah Solar Panel Installation
At Mynt Solar, we work hard to ensure our friends and neighbors in our community have access to affordable solar panel installation. While we never claim to have free solar panels, we do have several cost-effective options.
For example, we can help you work through the various solar incentives in Utah to help find the one that makes the process affordable for your budget. Right now, the state government provides a total tax credit of up to twenty-five percent of your installation costs or $1,600, whichever is less.
There is also a federal tax break that you need to be aware of. Not only does this stack with the state benefit, but it allows you to deduct twenty-six percent of your installation costs on your federal income tax with no cap.
In the end, combining these two incentives is a great way to offset the cost of your Utah solar system. But, it is in no terms free.
Affordable Solar Panels in Utah with Mynt Solar
At Mynt Solar, our goal is to provide excellent customer service with honesty and integrity. Are you ready to learn more about adding solar panels to your home or business in Utah? Please contact our team at Mynt Solar today to schedule a no-obligation virtual or in-home consultation appointment.