answered 2016-10-11 16:43:22 -0500
This post is a wiki. Anyone with karma >75 is welcome to improve it.
Solar panels have a lifespan of over 25 years, and because there is not an efficient resale market for used solar systems, you will find that most lease come with a term of 20 years. Therefore, whether purchasing or leasing solar, you should be choosing equipment that you will be comfortable with for the next 20+ years.
Instead, the decision to lease or purchase should be primarily based on whether you are able to monetize the investment tax credit yourself. If, yes, purchasing the system would provide more savings since you are not paying a leasing company to monetize the credit for you. Another factor would be whether you want the leasing company to provide maintenance over the term of the lease or whether you are comfortable doing the relatively minimal amount of maintenance yourself which can be required if you purchased the system.
Asked: 2016-04-26 12:41:02 -0500
Seen: 3,549 times
Last updated: Oct 11 '16