The United States increased by nearly 24% in solar energy generated from 2019 to 2020. Increased home solar use and community farms allow more people access to solar. 

Installing solar panels requires larger loans and can have a high annual percentage rate (APR). Instead, panel free solar offers an alternative solar option for homeowners who want the benefit of renewable energy without the high costs. 

And for those who live in apartments or rental properties, don’t discount this article just yet. We’ll give a sneak peek: panel free solar can work for apartment dwellers, renters, and more!

Keep reading our complete guide, where we will go over the top five reasons switching to panel free solar power is the most reliable and affordable option!

What Is Panel Free Solar?

We have all heard of home solar power, but most think of solar panels shining off residential rooftops. That is one popular option of transitioning to solar, but what if we want to avoid high costs and a lengthy application process?

Solar panel installation also requires loans that can last 25 years! Panel free solar is exactly as the name sounds – it allows us to access solar without installing panels onto our rooftops. 

It is a cheaper option than panel installations, and it is more beneficial to the environment!

1. Avoid Costly Installations and Fees

Average residential solar panel installation costs are between $3,500 and $16,000. The federal government offers solar tax credits for homeowners who install solar panels, but average prices after tax incentives in 2021 were between $11,000 and $15,000 on average!

That doesn’t include various loan options and other financing options. In some instances, a debt consolidation loan may be needed to pay off multiple loans if you want to afford solar.

The bottom line is it’s expensive to install solar, and many people require loans or leasing options. The downside of leasing solar panels is a homeowner cannot qualify for the federal tax incentives.

Loans vary between lenders and may not always include fixed rates. If someone has a poor credit report or a high debt to income ratio, it may cost even more. 

Opting for panel free solar avoids high installation fees and applying for a personal loan. It is a much cheaper (and versatile) option if we want to benefit from solar energy.

2. Facilitate Greener Energy

One of the primary benefits of solar is it is greener energy. Solar is a renewable energy source that decreases greenhouse gases. The combination of using a sustainable energy source and reducing greenhouse emissions helps combat climate change

Standard energy forms require more intensive use of the environment and resources, creating added strain on ecosystems. Solar energy improves air quality and decreases water usage. 

3. Decrease Electric Bill

Many homeowners asked the question, “how do I lower my monthly payment on energy costs?” Solar panel alternatives, such as panel free solar, let neighborhoods access residential solar power, reducing electric costs. 

How does this process work? Chariot Energy has solar farms throughout Texas that do all the hard work for us.

That means we can worry less about whether the sun shines and utilize solar without costly financing options. Simply sign-up for a fixed rate solar plan and start enjoying the benefits of transitioning fully to greener energy. 

4. More Versatility

Living in a townhome, apartment, or rental can make it challenging to install solar panels. Most times, there are restrictions on our ability to install panels, and we may feel stuck paying expensive electrical bills. 

Luckily, there are other solar power options for people who can’t install solar. Chariot Energy offers transparent green energy plans that work for any home or rental type. 

When we sign up for an electricity plan, choosing a Chariot Energy financing option means we are using Texas-generated solar energy with zero premiums. We can start reaping the benefits of solar without needing a personal loan or purchasing a home with solar panels. 

5. Zero Maintenance 

Solar panels require upkeep, including regular maintenance and cleaning. Dirty solar panels won’t work efficiently and cost more in the long run.

Choosing a solar power financing option such as panel free solar access entails no more worrying about expensive maintenance plans. It takes the burden off upkeep and allows more people access to greener energy. 

Is Community Solar Cheaper Than Other Energy Sources?

In some parts of the nation, solar is more affordable than fossil fuels. Over time, fossil fuels increase in price while renewable energy sources decrease. Solar costs now will likely be more affordable in the future! 

Solar has dropped in price by approximately 70% in the past decade. Since solar comes from the sun, we also don’t need to worry about running out of energy.  

Will Panel Free Solar Affect Your Credit Score?

Panel free solar is not a loan. It does require monthly payments and financing options, meaning we will need a checking account or another bank account to access payments. 

The best way to think of panel free solar is similar to monthly electrical bills! Shop around for the lowest prices, and don’t be afraid to ask about a company’s fixed or variable rates. 

Start Benefiting From Solar Today

Some solar loans have prepayment penalties, similar to mortgage loans. These penalties will hike our fees if we choose to pay off our larger loans early. The life of the loan can stretch from ten to 25 years in some cases!

Loans and high monthly payments aren’t an option for some homeowners or renters. Instead, Chariot Energy offers 100% panel free solar that uses community grid solar panels. 

Ready to get started? Check out our residential solar plans today and start benefiting from greener energy!

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