Top 10 Reasons to Lease a Solar System
Over 600,000 homes in the United States currently have home solar power systems installed. There is a new solar system installed approximately every 3 seconds and projections are that home solar installations will surpass the 1 million mark by the end of the year.
Home Solar Financing Options
If you are considering making the switch to solar one of your first considerations will be financing options. Outright purchase, power purchase agreement, solar loan, or lease are the main ways people choose to finance a new solar system.
10 reasons a Solar Lease may be your best choice:
No Upfront Costs – Home Solar Leases allow for no upfront cash outlay in many areas. If you qualify your Solar Energy Provider will install your system at no cost to you.
Lower Monthly Energy Bills – Your monthly energy bill can be as low as 30% less than you are currently paying and locked in for the life of the lease, up to 25 years. Pre-pay Options can lower your monthly bill even more
Saving the Earth – Money savings aside; a Home Solar Power System helps save the environment. There are no greenhouse gases produced with roof top solar.
No Installation Hassles – With a lease, your Solar Energy Company handles all installation related issue such has design, permitting and inspection to name a few.
No system monitoring – Solar Energy Providers monitor your system performance. They make money off of the energy produced by your system.
No System Maintenance – In case of performance issues, warranty issues or damage, the Solar Power Company is responsible for maintenance, they own the system.
Free Insurance Coverage – Your Home Solar System will be insured by your solar provider against damage or theft. They protect their own investment.
No Paperwork – There can be a labyrinth of paperwork involved in a home solar system installation. Rebates, incentives, taxes, permitting and utility company requirements are just a few to consider. With a lease all of those details are taken care of for you.
You Don’t Qualify for the Tax Credit – The 30% federal tax credit is a dollar for dollar credit against your tax return. If you don’t normally get a tax return you will not be able to take advantage of this credit.
Latest and Greatest Equipment – The Solar Power Provider has a vested interest in your solar power system. The better your system works the better off they are. With a solar power lease you are sure to get the most up-to-date, high performance system available.