Solar Installation: Buy or Lease?
Solar installation comes in two options: Buying and Leasing. In both options, the bottomline is that a homeowner is looking to lower their monthly electric bill. The following are the pros/cons to each:
1) Buying
+ Maximizes the financial benefits of installing solar
+ Once you pay off the system, you can get free electricity from 25 to 40 years
+ Qualified for all available cash rebates, Federal Investment Tax credits, State tax credits and other incentives (ie. SRECs)
+ Increases value of home
– High costs of initial purchase
– Maintenance and repair is at the expense of the owner
2) Leasing
+ Save between 10-50% off your current electricity bill
+ Installation for 0% down
+ Do not need to worry about maintenance or repairs
– Lease has specified time periods of installation, typically for 20 years (with options to purchase)
– Do not qualify for any tax credits, depreciation, rebates or incentives
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For more information on Solar Leasing, contact Jamene at Sunrun, Inc for a hassle free, no obligation consultation and mention that we reffered you. Bottomline is that you will save money off your current electricity bill with the only obligation being the term of the contract……too simple!
Jamene Davis | Inside Solar Consultant| Sunrun Inc.
work: 424.280.7040
cell: 602.883.6996
email: jamene.davis@sunrunhome.com
Check out the company’s website at: www.sunrun.com
This service is available if you live in the following states: Arizona, California, Colorado, Connecticut, Hawaii, Delaware, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, and South Carolina.