"Buy solar" has become a movement across the nation since many of the states offer incentives to those that use renewable energy sources. Still, even a single solar panel can be considered a big investment and can put a strain on your budget. Leasing solar panels is a viable alternative, but here are some of the main reasons why you should consider buying rather than leasing.
The first thing that needs to be said is that solar energy will not go out of style. Leasing is a measure that works best when you are not ready to commit to something. People made a commitment to solar panels even when they were a lot more expensive. This is mainly because solar panels give you access to a source of unlimited energy. Scientists say that the Sun will shine for another 7 billion years, so that should be more than enough time to return your initial investment.
When you buy solar panels, you secure the best energy rates for your home or business. Leasing will lower your rates, but not as significantly as when you are the owner of the whole system. Buying solar will not tie down a lot of money at first as there are vendors that allow you to purchase panels with delayed payments. Plus, you will get some money back from state and federal rebates. There are some incentives for leasing too, but they do not come even close to what you get for buying.
Buying gives you greater freedom in choosing the type of system you want to install. When your solar panels are leased, the main goal is to make the panels as efficient as possible. This may lead to a solution that is not entirely aesthetic. Buying allows you to create a solution that is both efficient and easy on the eye. It might not be as cheap and it might not use its maximal potential, but it will keep you happy and well supplied with electricity.
Home value is one of the greatest incentives for residential users to buy solar. Solar panels increase the value of your home and researches show that they also make homes more desirable to buyers. Add enough panels to cover your home's basic electricity needs and you will have a big advantage should you decide to put your house on the market.
Buying solar panels is not something you do every day. In fact, it is not something that you will do more than a few times in your life. Choosing the right panel requires knowledge in both solar power and decor. Contact our Luminext consultants and let us help you make the best choice. We have the knowledge and we use it every day to bring the right solution to the right client. Just give us a call and we will do a preliminary inspection of your location. Our team will choose the best solution available and we will walk you through all the benefits from using that specific system.