So you know you want to finance your solar panel system, but one big question remains: should you lease your system from a company, or own your system and finance it with a solar loan? The answer here depends on a few factors, including your preferences, needs, and financial goals.
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Should you buy or lease your solar panels?
Whether you buy a system or lease it, going solar is one of the best ways to save on electricity bills. That said, the financing option you choose influences a number of factors, including the costs, maintenance responsibilities, terms, savings, and the return on investment (ROI) of your solar panel system.
Continue readingSolar leases vs. solar PPAs: solar financing options for a low-maintenance solar energy system
Many solar installers advertise solar leases or power purchase agreements (PPAs) as an easy way to reduce your electricity bill. And they’re not wrong; if you’re interested in a simple, low-maintenance way to install a solar panel system for your home, leasing solar panels may be a good option for you.
Continue readingPower purchase agreements (PPAs): what you need to know
There are many $0-down financing options available for going solar, including both ownership (i.e. solar loan) or third-party-owned (i.e. leases) solutions. Many homeowners looking for an easy, low-cost, maintenance-free way to install a solar panel system move forward with a power purchase agreement (PPA). In this article, we’ll talk about what solar PPAs are and discuss the advantages and disadvantages of this financing solution.
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