Ever wonder why the solar leasing companies never post their pricing on their websites and why they insist on sending a high pressure salesperson to your home to convince you to sign their long term contract? The answer is simple.
Solar leases, power purchase agreements and solar leasing company loans are agreements are three of the most expensive ways to have solar on your roof. Simply add up the 20 years worth of escalating lease payments on a solar lease and you'll typically find that you'll pay up to three times what it costs to purchase a system outright.
Today a name brand grid tie solar system with American made solar panels can be purchased and installed for less than $1.90 per Watt after applying the 30% federal tax credit. That's less than 7 cents per kWh with a 4 to 5 year return on investment in many parts of the country. So why on Earth would anyone want to rent or purchase a solar system from a solar leasing company for 10 to 20 years and pay their much higher $12 cents to $16 cents per kilowatt hour rate ?
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Solar leases, power purchase agreements and solar leasing company loans are agreements are three of the most expensive ways to have solar on your roof. Simply add up the 20 years worth of escalating lease payments on a solar lease and you'll typically find that you'll pay up to three times what it costs to purchase a system outright.
Today a name brand grid tie solar system with American made solar panels can be purchased and installed for less than $1.90 per Watt after applying the 30% federal tax credit. That's less than 7 cents per kWh with a 4 to 5 year return on investment in many parts of the country. So why on Earth would anyone want to rent or purchase a solar system from a solar leasing company for 10 to 20 years and pay their much higher $12 cents to $16 cents per kilowatt hour rate ?