The bottom like is that buying your solar electric system is the best option. But why?
According to consumer reports, “it usually costs $15,000 to $20,000 after tax credits and can reduce your electricity bill by 70 to 100 percent, depending on the size and orientation of your roof and local regulations. Most systems pay for themselves in five to seven years.”
If you can buy the system outright, fantastic. If not, there are financing programs available to help you BUY solar – these are low interest loans sponsored by the government to help homeowners make energy efficient upgrades. CA Home Solar works with many of these programs (HERO, Ygrene, CA First) that finance solar and other energy efficient remodeling upgrades (i.e. roofing, HVAC, low e windows, etc).
Did you know this? Leasing can seem like a great option, but there are hidden costs to leasing that make it the less beneficial option. People who lease solar do not save as much money as counterparts who buy the system and often miss out on federal tax benefits and any local incentives.
You have to know this – If you try to sell your house before the lease is up (typically around 20 years), you have two options. Either buy the lease out or make sure the purchaser of your home will take on the lease, which can be a challenge. And when the lease is over, you may not own the system.
Buyer beware of solar leasing programs!
This is why CA Home Solar only supports homeowners to purchase their solar systems. We work with qualified government financing programs to help homeowners fund the purchase of solar.
Contact us here if you would like additional information or a no obligation quote for solar, windows, roofing, or HVAC or call us at 877-903-1012.
But did you know this?