Discusses Discovering the Benefits of Leasing vs Buying Solar Panels

November 19 09:30 2020 Discusses Discovering the Benefits of Leasing vs Buying Solar Panels

Homeowners all over the United States are seeking ways to save money as the economy and job security drastically spike and dip during the pandemic. One way to cut costs around the home without having to keep a watchful eye on energy consumption is through the installation of solar panels. Although this investment may seem costly upfront, the resulting tax credits, available grant money, and energy returns will help reduce the expense impact and set a home on a greener, more efficient path.

Solar Energy Has Many Benefits

Outside of providing an affordable power source that doesn’t completely rely on big utilities, solar energy has many other benefits. The article “Live Efficient: What to consider about solar energy for your home” reminds homeowners that renewable energy helps cut reliance on fossil fuels, reduces the release of airborne toxins, increases a home’s value, and is supported by the government through credits and incentives.

Don’t Discount Solar Energy Based Upon Cost 

Investing in solar energy is quite a financial commitment which makes many homeowners leery. To alleviate these concerns, solar providers typically offer a free quote service where a representative evaluates the size and yearly energy demands of the residence to determine the type and number of panels that would be needed to provide sufficient power. The representative then formulates the quote and consults with the client to make tweaks that better fit their budget. Obtaining quotes from more than one provider gives the customer better bargaining options, according to, and can save them a considerable amount of money on the project.

More Than One Financial Option Exists

The next step is deciding whether to lease or buy solar panels. Leasing is beneficial to some because it puts the upfront costs and maintenance on the company that is leasing the panels to the homeowner. The homeowner then pays a monthly payment based upon the amount negotiated in the lease agreement. The downsides to this; a homeowner cannot claim any tax credits for the panels, has no control over repair work, could be locked into a contract for an extended period, and won’t be able to profit off the panels if they decide to sell the house.

More Benefits Come With Ownership

Buying solar panels may seem daunting, but luckily there are solar financing companies that provide specialty loans for homeowners who can’t purchase the panels on their own. Once a solar representative has put together an installation quote, they then contact a financing agent to set up a solar loan and payment plan. Homeowners begin making an affordable monthly payment until the loan is paid in full while still being able to claim all tax credits. Under these terms, the homeowner will own the panels and learn more about the importance of periodic maintenance as well as unexpected repair work.

A Well-Educated Team Makes Quite the Difference

Before selecting a solar provider, homeowners need to be aware that some companies do not have a design or installation team with the proper certifications. Fortunately, companies like Rooftop Solar continuously provide their installation technicians with electrical, roofing, and general contracting training to ensure that each installation goes off without a hitch. These certifications guarantee to the customer that no short cuts are taken, incorrect electrical connections are made, or bad carpentry occurs when their solar panel investment is installed.

The Feeling of Freedom That Comes With Solar Energy

Regardless of how a homeowner secures solar panels, they will be satisfied with the return on their investment, especially once they stop relying on big utilities. Solar energy helps put the homeowner in control of the cost and distribution of their power consumption. The energy savings, as well as impact on the environment, help set their mind at ease as they enjoy the natural energy of the sun.

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