Are Solar Panels A Good Idea

While solar leases and power purchase.

Are solar panels a good idea.

Depending on the state anywhere from 50 90 of rooftop solar installations were financed by solar leasing or ppa at the beginning of 2014 according to the seia you could say that solar leases have revolutionized the us solar industry. How are you financing your solar panel system. Why leasing isn t a bright idea. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Third party solar leases have proven themselves incredibly popular in recent years playing a key role in propelling rooftop solar panels into the mainstream. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. They have to meet onerous credit requirements and make payments on the remainder of the lease term often 10 20 years.

Whether you re a homeowner business or nonprofit electricity costs can make up a large portion of your monthly expenses. Here are the top ten reasons why solar energy is good for your home and more popular than ever in the united states. The washington post article why leasing solar panels may not be a good idea if you re planning a home sale nov. Solar panels seem like a good idea.

Drastically reduce or even eliminate your electric bills. When you buy a solar panel system each will be rated to a certain number of certificates and each is worth a certain amount.