Solar power and its influence throughout the market is becoming more prevalent each year. There are plenty of new options and opportunities that are being introduced to the market. Thus, the question becomes a lot less about if you should invest in solar energy and more how you should invest in solar energy.
Should you lease solar for your home or should you put in the short-term investment with the intention of long-term savings? Here are the pros and cons of leasing solar versus buying solar:
Leasing solar is an option for you to receive the benefits of solar energy without having to pay the upfront cost of solar. There are plenty of different leasing options available from various different companies across the United States. The deal that you can make throughout the various leasing option channels depends on the state and company you decide to lease with.
With those options, there are also plenty of reasons that make leasing solar a benefit and a disadvantage, depending on what you are looking for in your solar journey.
Pros of Leasing Solar
Solar leasing has many of the benefits that come with leasing everything, from cars to homes. However, there are also a few convincing reasons why you might want to lease solar, over buying it:
Cons of Leasing Solar
While solar leasing might be optimal for many households, there are some cons to leasing solar power that make people stop and think before diving into a contract:
Buy Your Solar Energy System
Buying your solar energy system makes it an asset. You save money on your utility bills and you have much more control over how your solar energy system is maintained. The only thing that is keeping you from doing whatever you want with your solar energy system when you buy it is voiding the warranty. Otherwise, it is yours…for better or for worse.
Of course, that is not to say that you should be hesitant in buying your solar energy system at all. After all, whether you buy or lease your solar you are still making a commitment. So, here are the pros and cons of buying your solar energy system:
Pros of Buying Your Solar Energy System
There are plenty of reasons buying a solar energy system is beneficial to people throughout the United States. Having the chance to own something so revolutionary is pretty cool and the fact that it is helping the environment is even better. Here are the pros of buying your solar energy system.
Cons of Buying Your Solar Energy System
There are also some issues that could arise from you buying your solar energy system. Whether these issues are due to your present situation or personal preference, here are some cons to buying a solar energy system:
When it comes down to it, the decision whether to lease or buy needs to suit your situation best. Now that you know the pros and cons of leasing solar vs. buying solar energy, it should be easier to figure out which option is most beneficial to your family, lifestyle, and financial situation.