By Samantha J. Majka
Solar power, while an attractive option for many homeowners, has been out of reach due to budget constraints. Although the price of solar panel installation has decreased significantly in recent years, homeowners still cite the initial cost as a major reason for remaining solar-free. Luckily, there is a new option that allows homeowners to reap the benefits of solar power with little to no money down. Solar leasing is now available, and for homeowners that cannot or do not wish to purchase solar panels upfront, this is a great way to make the switch to clean energy.
Anyone with approved credit can have solar panels installed, and pay a monthly fee to lease the panels. All components of the system will be covered for the duration of the lease. There are currently two different solar leasing options that homeowners can choose.
- Homeowners can opt for zero down payment, and pay a set fee to rent the panels every month. This option saves homeowners about $50 per month over what they would currently pay for their electric bill.
- There is the option to put money down, which would mean greater monthly savings. There would still be a set fee for leasing the panels every month.
At the completion of the 20 year term, homeowners can decide to purchase the solar power system at its market value, renew the lease for another term, or have the solar panels removed.
With Solar Energy World, homeowners who wish to lease are not limited in the brand or quality of panels. We offer a wide selection of high quality solar panels for a system that is uniquely customized for your home.
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