Our goal is to get you the best deal on a solar electric system for your home. We work with you to help you make good decisions about how to lower your energy bill and increase the value of your home. We recommend buying your solar system and getting a loan to pay off the purchase over 8 to 20 years. This is a much better decision than signing a lease.
Other solar companies out there may try to get you to sign a lease with them. This means they own the solar electric system, and you rent it from them. The advantage of a lease is if there is an rare chance that the solar panels break, they will repair them for you without any charge. The dis-advantage is it is MUCH more expensive for several reasons. First and most influential is that you don’t get the federal tax rebates, which can be around $10,000. Second since leasing cost more, their goal is to match your current monthly electric bill payment. That means you don’t actually save any money. Some leases include payment increases over time which match utility rates increase. And lastly, it can make it more challenging to sell your house, because informed home buyers are resistant to taking on the lease, since most people know that owning a solar system is much better than getting stuck in a lease agreement.
Buying your solar system is an investment, leasing your solar system is a more expensive burden. We recommend getting a loan with Metropolitan Credit Union. Let us help you with the process and ensure you get the best deal available to you.