Nrg energy solar lease

Does NRG provide solar leases?

NRG does not offer solar leases or power purchase agreements. However, it works with various credit unions and financial institutions, such as Mosaic Federal Credit Union and the Energy Loan Network, to help homeowners secure solar loans and financing for a new system.

Does NRG Clean Power offer solar rebates?

Aside from NRG Clean Power’s solar referral program, additional financial incentives do not apply to the customer’s solar installation. However, the company encourages customers to take advantage of local and federal rebates, as these incentives can shave off a considerable portion of the final system cost.

Is NRG Clean Power a reliable solar company?

NRG Clean Power is considered a reliable solar company, offering a price match and 40-year warranty. This helped NRG achieve one of CNET's highest scores from the solar companies reviewed. However, note that California and Texas are the only states where NRG's services are available.

What brands of inverters does NRG Clean Power offer?

NRG Clean Power offers inverters from Enphase, SolarEdge, and Tesla . (What warranties does NRG Clean Power offer? NRG Clean Power typically relies on manufacturers' warranties for equipment.)

What is a solar lease?

Much like leasing a car, a solar lease is a way to tap into some of the benefits of installing solar but without the commitment of a system that's usually intended to last for a couple decades. Your solar company will install your system and keep it working as it should for the agreement period, so long as you make your agreed upon payments.

What is the difference between a solar lease and a power purchase?

The difference is in the monthly payment. If you can't afford to buy solar panels, a solar lease or power purchase agreement might help. Buying a solar energy system is considerably cheaper today than it used to be, but it's definitely still a huge purchase. Thankfully, there are ways to get solar power without the huge up-front cost.