Pros And Cons Leasing Solar Panels

Pros and cons of leasing solar panels giving up a significant tax credit is just one drawback to leasing solar panels instead of buying.

Pros and cons leasing solar panels.

Solar is the most mainstream renewable energy for residential said john mcdonnell the founder of watthub an online listing platform for solar professionals. Solar power is a huge part of that movement with system prices falling and financing options evolving. Pros cons solar lease. Possibility to transfer your lease.

Pay little or nothing and save hundreds of dollars per year on average. Elimination of upfront costs 3. Pros and cons 1. The solar lease has made going solar possible for many americans but there s still little that we know about the long term implications of the financial structure for homeowners and the industry.

Possibility to buy your solar energy system 5. The steep up front costs for a residential solar system can make a leasing company s sales pitch sound pretty appealing. A global trend toward embracing renewable power has many homeowners looking to go green. Your solar panels will be tied into the grid 6.

Leases allow to you go solar even if you don t have thousands of dollars for a down payment. An easy entrance into the solar marketplace 2. Pros cons and hidden costs 1 leasing solar panels.