Solar Panels Should I Lease Or Buy

Solar Panels Should I Lease Or Buy

If you've been considering installing solar panels in your home to save on energy costs, you might be wondering if you should lease the panels or buy them. here are some pros and cons of each to help you decide


Leasing

  • No upfront costs, making it an affordable option for those who can't get financing. 

  • you don't have to worry about maintenance. 

  • Leases usually run 20 years, which could cause complications if you want to move before the lease is up. 

Buying 

  • May qualify for financial incentives of up to 30 percent, including a federal tax credit, plus state or utility incentives such as rebates. 

  • Requires financing or upfront cash, often  $30,000 or more.

  • System pays for itself in 5-7 years. 

  • Banks are still intimidated by new technology and could be reluctant to lend. 

  • Financing can be complicated by figuring out who receives the incentives. 


Karin Waterschoot-Perez Headshot
Author:
Phone: 614-774-1741
Dated: April 17th 2018
Views: 26
About Karin: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Plum Tree Realty
9078 Union Centre Blvd, Suite 350
West Chester, OH
513-214-0578
513-318-0117

Other Locations