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Is prepaid lease better than Cash purchase?

asked 2016-06-12 00:29:06 -0500

braceanil gravatar image

System size : 3.6KW Prepaid Lease : $7750 for 20 years at .07$ per watt Cash Purchase : $9580 after tax rebate. 12 LG 300 panels. ABB string Inverter.

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answered 2016-07-12 10:52:49 -0500

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This post is a wiki. Anyone with karma >75 is welcome to improve it.

updated 2016-07-12 10:52:49 -0500

leahoconnor gravatar image
According to Aug. 2016 issue of Consumer Reports, "Buying your solar electric system outright is the best."  Next best is using a home equity loan or a solar loan.  Two thirds of their page on "The real cost of leasing vs, buying" is about "Why Leasing is not a bright idea."
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Asked: 2016-06-12 00:29:06 -0500

Seen: 1,220 times

Last updated: Jul 12 '16