Payment Alternatives For Having a New Panel System

Adrienne SorensenNovember 5, 20183050

Payment Alternatives For Having a New Panel System

There are several ways to get a solar panel deal. It only takes a little bit of planning, and of course a financial plan. For some people, their access comes in the form of a panel leasing deal. The main positive to a lease deal for panels is that you will have panels. Your monthly electricity bill will be lower, and in some cases, you may even get a credit from the local utility servicer. However, there are some pitfalls to examine before you jump into a solar leasing.

Receiving Solar Assurances

When you get solar panels, you are going to want the assurance that if something malfunctions, you can get it repaired swiftly and cheaply. A leasing deal doesn't always cover everything. Often the solar equipment is not included by the maintenance plan, but are treated by the warranty.


You may have to register for your homeowner's insurance to meet those costs alternately. Make sure when buying or leasing, you notify your insurer when placing a solar on your property. Being straightforward when communicating with solar companies can be favorable toward getting what you need out of the agreement.

More Details of Leasing Solar

In the long-run, have an excellent panel system installed in our home can help. People who rent solar will save less than cash purchasers. Agreements can have rate increases, often 3 percent per year. Those starting out with a 12 cents per kilowatt-hour in year one, with a 3 percent escalator, they end up paying 18.2 cents in the 15th year. So, if the price of solar energy doesn’t rise as quickly as the contracted lease payments increase, you can watch your clean energy savings disappear. No one appreciates losing money; this is why it is essential to know all you can about solar leasing.

You have considered leasing some solar panels as a solution to your electricity fee issues while thinking about selling your home. In a typical situation, leased panels don’t add value to a home resale. They usually do not add value because they are not part of the house. Anyone buying that house will have to qualify to take over the lease, or the family purchasing the home might have to pay the penalty to end the contract early.

If you want to move into the future and join the renewable energy revolution, or if you want to find out what solar panels are right for you, go to You can see how much a system will cost, and how much you can save over the next 20 years.


For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.

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