It seems every ad and website from solar installers is trying to entice you to go solar with "$0 money down", and "Solar Lease = Save Every Month". Sounds good, but is it REALLY a good deal? Absolutely NOT! Leasing solar is simply 'None of the Above'.
Please see our <Purchase vs Lease Comparison>
Ask yourself this: Do you Own or Lease your House? You own your home, because it's smarter to OWN a long-term investment. A GOOD solar system will last forever, and a system from Planet Solar is guaranteed for 25 years.
By now you’ve heard there are sizable rebates and tax credits for Going Solar. With a lease, the leasing company gets your tax credit and rebate, which is what they are in the business for. Why give YOUR tax credit and YOUR rebate to a leasing company? Also, the ‘security deposit’ on a lease is usually over $5,000! They may not call it a down payment, but it sounds like it to me. Our down payment is only $1,000 - never a dime more.
The leasing company will install a system that they say will offset a certain amount of your bill, and basically charge you about half of the amount they are offsetting with solar. You are just buying a payment which is a bit below what you are currently paying for electricity now. HOWEVER - THAT MONTHLY CHARGE KEEPS GOING UP EACH YEAR, JUST LIKE THE ELECTRIC COMPANY! With a purchase, your electricity bill is mostly or totally eliminated, so depending on your choice of system, you won’t pay for electricity ever again, for as long as you live in that home.
We believe the point of going solar is to eliminate electric bills drastically or even completely, so that all your electricity will be free power from the sun. If the leasing company can make money owning the solar (and then leasing it to you), you can believe that owning solar makes even better financial sense for you.
If you need to finance the system, that is no problem for us at Planet Solar as well. We have programs established with regional banks to offer financing at very, very low rates. But the bottom line is, I bet that Going Solar is cheaper than you think! Please call Planet Solar today, and let one of our solar consultants show you just how affordable, as well as how green, solar can be.
