There are both advantages and disadvantages of leasing solar panels, a person who is considering leasing is, this weight and should make a well informed decision. Solar power is becoming more popular and its use is becoming more common. More and more people are turning to solar energy as the source of energy for their homes and even places of business. This is good, because it is environmentally friendly and its use can in fact save a person a lot of money every year.
Since many people can not afford the investment costs of solar panels, many companies offer to lease the panels. Those who lease solar panels have found that their electricity bill has risen by more than 15%. Those who are concerned about the environment and gain the knowledge that they are doing their part to save the planet. When purchasing solar panels is expensive, it costs a lot to lease. The company will not only install but also with all the repairs and maintenance work.
On the other hand, there are disadvantages and pitfalls to lease solar panels. First of all, it is very hard, a house, a solar panel lease has to sell. Most leases last at least a decade, which means that the buyer would have to take over the lease for the remainder of the lease. Because most buyers do not want to take on such an agreement, a homeowner would be either to break the contract and pay a high price or lower the selling price of the house to gain a buyer.
If you buy the solar panels once you have a few advantages that are not available if you would win rented. When you own it, you may qualify for a substantial discount on your state utilities. If you buy it, you can also get a generous tax rebate from the government. In addition, you can earn Renewable Energy Credits (REC also known as), which can then be sold. However, you will not get any of these benefits when you lease. If you lease rather than buy, the company that owns the disks wins all of the above advantages, not you.
While solar panels have been for sale for many years the concept of leasing instead of buying is relatively new. It is an attractive prospect, as many homeowners want to have solar panels but can not afford to buy the panels, install it and keep it properly maintained. There are both advantages and disadvantages of leasing and it is important to be aware of the pitfalls of leasing them. By a company Anyone who is considering his or her home in the future to avoid lease. For many people, however, the environmental benefits are worth the costs and leasing business one way, it can be a lot cheaper. Just be sure you know what you are getting into before you get the jump....
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