Solar Leasing Companies can save you lots of cash by leasing out solar panels and every other equipment you need to get your solar panels running the home. We all know that the number one benefit of solar energy is that it is renewable and safe to the environment, thus, you don’t have to pay bogus electricity bills because you are getting power directly from solar rays. Secondly, solar energy comes with a very low maintenance cost, hence it will save you more money in the long run. The following benefits are the most important reason you should consider solar leasing for your home or office;
Comes with no Upfront Cost
Leasing solar panels come with no upfront costs such as the costs of installation and supplies. Though the cost of maintaining solar energy equipment and devices are very low, the upfront cost is usually the problem that scares away people. Fortunately, solar leasing companies have come up with a flexible plan where you don’t have to pay upfront fees for the supply and installation of your solar panels and other devices that work with them. You can make an easier monthly payment for such an installation which is more convenient.
No Responsibilities for Maintenance and Repairs
Perhaps the second most important benefit of solar leasing is that the leasing company will be responsible for the maintenance, replacement, and repairs of the solar panels or any other component.
Though the equipment will normally come with a warranty that varies, you wouldn’t have to pay for any repairs or replacement while this warranty lasts. If you don’t go for leasing, you will probably have to pay out of pocket for many repairs and replacement services.
You Can Easily Buy Your Solar System When the Least Ends
The solar leasing agency or company will always give you the option of purchasing the solar system once your lease agreement has expired. You will be able to buy the solar system at a fair market value that will be adjusted to the age and conditions of the solar system. If you don’t want to buy the solar system but wants them removed from your home, the solar company will do so at no extra fees.
You Can Transfer the Lease If You Sell Your Home
Under certain terms and conditions, you should be able to transfer your solar system lease to a new owner when you sell your home. The terms and conditions under which you can do this will be clearly stated in the lease agreement. In most cases, you will be asked to pay a little fee, in order to transfer the lease to the new owner.
Your Solar System will be Tied to a National Grid
In rare cases, solar systems can provide intermittent power supply depending on the weather conditions. You don’t have to worry about this because leased solar systems are tied to a power grid which means you can still be supplied electricity from your utility company when the solar system is off.
The cost of new solar systems has been falling steadily over the past few years but you still have to pay thousands of dollars to procure one. The good news about this is that you can choose to pay the costs of installing the solar system on a monthly basis for a period of time, which will make the entire process more affordable and reliable. Solar leasing companies do offer varying packages for leasing solar systems and you can choose the one that suits your household needs and budget.