To answer that question, you will have to think carefully about your goals.
Below, we provided a short and simple explanation of why some choose to buy or lease their solar energy system.
Buying Your Solar Energy System
Buying is a great option for many homeowners because it becomes an investment. This investment increases the value of your home which is beneficial if you are planning to sell in the near future. The cost of a solar energy system varies on a few factors; however, there are rebates and solar energy tax credits that can reduce the cost by up to 30 percent. One of the main benefits of owning a solar energy system is that you will save more money in the long run.
Leasing Your Solar Energy System
When you lease your solar energy system you are able to install with no money down. You enter a service contract where you pay scheduled and pre-determined payments. However, you are not the owner of the solar energy system. This means that you are forfeiting incentives associated with owning a solar energy system such as the Federal Tax Credit, and the value of your home will decrease.