Beware of Dealer Fees: The Hidden Cost of Switching to Solar in San Antonio
Have you considered switching to solar but think it is too expensive? Many people believe they know all the facts about solar installation costs, but when it comes to the dealer fees, they draw a blank. Dealer fees are the number one reason most homeowners decide against switching to solar. They can add up to 20% to the solar deal before any financing fees are included. Even those who claim to be experts on solar panels are often unaware of dealer fees.
I recently had a conversation with a realtor who said she knew everything there was to know about solar, but when I asked her about dealer fees, she had a blank look on her face. If you are a homeowner in San Antonio who thinks they know all about solar, it is time to get a second opinion. All the other people in your neighborhood who have solar panels are not crazy, so why should you be left behind?
Dealer Fees Explained
Dealer fees are charges that the solar panel company or the financing company adds to the loan balance to cover the cost of the solar panels. The financing company can include dealer fees in the loan balance to buy down the interest rate. While this can lower the interest rate, it also increases the loan balance, making it higher than the actual cost. This is one of the primary reasons homeowners consider switching to solar to be too expensive. However, if you work with an honest solar company, they will explain all your options and show you how paying a slightly higher rate can save you big on the total loan balance.
Finding an Honest Solar Company
When you are looking for a solar panel installation, it is important to do your research and find an honest company that will work with you to find the best options for your needs. A reputable solar company will be transparent with their pricing, fees, and financing options. They will take the time to explain everything in detail and answer any questions you have. An honest solar company will have excellent customer reviews and ratings and will be willing to show you their work and provide references.
Making the Switch
Solar panels are an excellent way to save money on your energy bills and reduce your carbon footprint. If you are considering switching to solar, do not let the fear of dealer fees hold you back. Instead, take the time to do your research and find an honest solar company that will work with you to find the best options for your needs. By doing so, you can make an informed decision about the cost of your solar system and financing and start enjoying the benefits of renewable energy.
In conclusion, if you are a homeowner who thinks they know all there is to know about solar, it’s time to reconsider. Many people are unaware of dealer fees, which can make solar panel projects appear too expensive. However, working with an honest solar company can make all the difference. By shopping around for financing options and finding a company that offers transparent pricing and fair terms, you can make an informed decision about the cost of your solar panel installation and financing. The benefits of solar panel systems are too great to ignore, so take the time to do your research and make the switch today.