Is it better to buy or lease a solar panel system?
To answer that question, you need to think carefully about your goals. The decision you make shouldn’t be based solely on how to save money on electricity. You can lower your energy costs whether you buy or lease solar panels, so immediate savings shouldn’t be your only concern.
Customers who choose to buy a solar panel system are usually focused on maximizing the financial benefits and have cash on hand to invest. They also tend to be in a position to benefit from investment tax credits associated with solar power systems. Finally, homeowners planning to sell within the next few years may opt to buy a solar system because it can increase the value of a home.
Those who decide to go with a solar lease are often more concerned with sourcing their electricity from a clean, renewable source and want to start enjoying cost-saving benefits immediately. They are looking for a hassle-free way to use solar power without having to pay upfront costs, take out loans or deal with long-term maintenance.
If you can’t decide whether leasing or buying a solar panel system is more beneficial for you, contact us for a free consultation. Our team of experts will complete a thorough evaluation of each homeowner’s needs and goals before making our recommendations.