IGS Solar is a branch of the parent company IGS Energy which has been providing natural gas, electricity, and renewable energy since 1989. IGS Solar provides residential and commercial communities the opportunity to start harnessing solar energy through PPA purchase structure. IGS currently has customers in Massachusetts and Maryland and is making the shift away from selling and installing solar systems outright to only providing financing for them. IGS will redirect all future customers to a third-party seller/installer.
Since IGS Solar only offers PPAs, there will never be an upfront cost for the customer. This is a power purchase agreement where a developer sells the power generated to the host customer at a fixed rate plan. Even though the customer is still paying a fixed rate for energy, the price tends to be lower than the monthly electric bill from the local utility company.
IGS Solar has only been around for a couple of years, but the company is associated with IGS Energy, which has been around for nearly 30 years. IGS Energy has a proven track record as a reliable energy supplier; to learn more about how IGS Solar specifically helps customers convert to green energy, check out our verified IGS Solar reviews.
IGS Solar has gone through some structural shifts recently. The company currently has customers in Massachusetts and Maryland, but is no longer taking new customers. Instead, IGS directs all new customers to a third-party solar power company that then sells and installs the solar panels. The company's role is now simply to provide financing.
Customers do not have the option to finance, purchase, or lease a solar system. Instead, IGS Solar limits them to a PPA. This may be the best (or only) option financially for some customers as it does require the least amount of upfront investment; however, this does limit customers from receiving tax breaks and credits for installing a solar system.
If a customer moves during the course of their contract, ideally, they will be able to transfer the contract to the new homeowner; however, if the new homeowner is unwilling to take over the contract, the original customer must either buy out the rest of the remaining balance on the PPA.
5 months ago