Buy or Lease Sacramento Solar Panels?

A solar lease may sound great, but you’ll probably change your mind when you take time to do the math. A solar lease will be for 15 to 25 years. This liability is attached to your home, even if you decide to sell it. The new owner may not want it, and you will be required to pay a high penalty fee to get out of the lease. The lease is set up to make the solar company money and save you only 6 to 15% off your electric bills. The solar company will receive the rebates, not you. If you lease the equipment, you will not be able to use the 30% federal tax credit. And the company is certainly making more electricity than the amount of credit they are giving you.

Properly installed solar system Sacramento

A properly installed solar system requires almost no maintenance. Occasionally you should rinse off the panels using a garden hose. That’s all! The modules are covered with a 25 year factory warranty and the inverters are covered for 10 years. The system is expected to last 40 years or more.

When you buy a solar system, it will often pay for itself in 4 to 5 years. It will continue to make you electricity for another 30 to 40 years. Why have a lease that continues to be a liability for 15 to 25 years, when you can have free electricity after a few short years?