When making the decision to switch over to solar energy many home and business owners are left with one big question: “Should I buy or lease my solar panels?” On the one hand, leasing seems to be a pretty good deal; you get a “free” solar system installed on your home or office. But ask yourself, how can you lease something that is free?
Let’s Break Leasing Down:
First, you forfeit your rebates.
Then, at the end of the first month on your lease, you’ll get a bill.
For the next 20 years, you’ll continue to get that bill each month with an additional annual increase.
At the end of it, after 240 payments… you still won’t own your solar panels!
Free? We don’t think so.
What if we told you that a purchase was still no money out of pocket, had a lower monthly payment and guaranteed 5 years shorter of a term? Isn’t that a better deal?
Why Buying Your Solar System is The Smart Choice
Buying your solar system is the educated choice for long-term energy savings. First and foremost, when you own the solar panels and system you are the one that receives the federal and state tax credit as well as the utility rebate. When you own your solar system you can completely eliminate your electric bill, increase the equity of your home and have a complete return on investment in as little as 6-7 years. After that, you’ll own your system and can reap all the benefits solar energy can provide your home or business.
- No money out-of-pocket
- You Claim the Rebates
- Guaranteed lower monthly payments than a lease
- Guaranteed 5 years shorter term than a lease
- Increased Property Equity
- Easy Financing Regardless of Credit
If you are interested in buying a solar system or finding out more information, call us today at GO-4-SOLAR (1-844-464-7652) or fill out our contact form to schedule a complimentary on-site consultation and let us help you today! For more information on how much you’ll save when you buy instead of lease, see our breakdown graph below:
