Which one really costs you more?

Myth:

Leasing is better because you have one low monthly payment and it doesn’t require an up-front down payment.

Reality:

Owning your Solar System is far better because you still have a low monthly payment with nothing down but you also get the full benefits of ownership, including increased equity on your home and a 30% tax credit!
It’s a win win!

 

Get the Facts

 

PURCHASE

  • Your monthly payments never increase.
  • You can sell the solar system with your house – solar adds thousands of dollars to the value of houses for sale.
  • Your loan term can be as short as 3-5 years.
  • Your cost to produce power is as low as 9¢ a kWh (kilowatt hour) which means you’re ahead of the game even during winter months when utilities pay you 13¢ per kWh. During the summer months, you’ll get even more – up to 25¢ per kWh when utilities pay 31-34¢ per kWh.

LEASE

  • A lease is a lien on your house. If you decide to sell, a buyer will have to assume the lease. Some leases allow you to move a leased system to you new home, but restrictions often apply.
  • A lease is a 20 year commitment to purchase power from the system on your roof (owned by investors, not you) at 18¢ per kWh with lease payments that increase about 3% per year.
  • Cost to produce power is around 18-22¢ per kWh (kilowatt hour) which means you’re actually losing money during winter months when utilities pay you 13¢ per kWh. During the summer months, you’ll get as little 8¢ per kWh when utilities pay 31-34¢ per kWh.

 

Want to know how much owning solar can save you?
Request a Risk-Free Proposal