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SolarCity - Lease Solar Panels for your home!
A recommendation by Yournewbestfriend
Yournewbestfriend's recommendation
First to recommend
I just met some reps for this company at the Autumnal Green Festival in Laguna Beach, and had to share with my fellow TNers! Basically, they're the only company that lets you lease solar panels - so you don't have to pay a chunk of money up front and wait for the savings to roll in. Perfect for any homeowner - they come to your home and analyze your kilowatt usage to design the perfect solar panel installation. Then, the install them, monitor their output, and handle any and all maintenance during the leasing. So, you're slashing your monthly energy bills (which are going to increase massively by next year), getting tax credits for having renewable energy, and saving the planet all for a monthly rental fee. When you combine the fee with your new low energy bills, the result is lower than your old energy bills. It's a win win situation, and it doesn't get much easier than this. They even come to your house and do a FREE consultation.
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Updated Oct 5, 2008
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Comments
When you lease a solar system you won't qualify for the new 30% tax credit or the huge cash rebate or the valuable RECs(renewable energy credits) and all you'd be lucky to save is about $25.00 a month on a typical $250.00 electric bill after going through all the trouble of being locked into a lease for all those years. And after more than 10 to 15 years of lease payments you will own absolutely nothing. You're far better off to buy a system using traditional financing. Not only will you get all of the financial incentives mentioned above but you'll also own a system with a 30 to 40 year life expectancy that will put cash into your pocket every month for another 20 to 30 years after you've paid the system off. And that's even considering the replacement of the inverter after 12 to 15 years. Lease a solar system.....I don't think so ! Buying one makes a lot more sense. Why do you think the leasing companies BUY solar systems, take all of the financial incentives for themselves then turn around and lease systems to homeowners. Sure it’s great to go green, but why not go and put a lot of extra green in your pocket by buying a solar system instead of leasing.