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Buy or Lease

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Is it Better to buy or lease a solar system?

There are good reasons to buy or lease a solar panel system. To figure out which way is right for you, you first need to consider your goals. Are you purchasing a solar system to maximize your energy savings? Is helping the environment your top priority? Do you want to increase your homes resale value, or would you rather not have to worry about maintenance on your system?

Purchasing a solar panel system with cash, or financing a purchase with a solar loan, is your best option when you…

  • Want to maximize the financial benefits of installing a solar panel system.
  • Are eligible for a federal investment tax credit;
  • Are a business, and can realize tax benefits by treating the solar panel system as a depreciable asset
  • Want to increase the market value of your home by installing a solar panel system.

A solar lease/PPA is your best option when you…

  • Are more interested in using electricity generated from renewable resources, rather than maximizing the financial benefits of installing a solar panel system;
  • Want to avoid the responsibility of maintenance or repairs for a solar panel system;
  • Are ineligible for federal or state investment tax credits
  • Do not want to wait until the following year to receive the financial benefits of tax credits.

Installing Solar Panels: what should you do?

If you want to switch to solar energy, you can choose to either buy or lease a solar panel system. For affordable solar power solutions, consider your budget as well as your house’s energy needs. Also, know how much the solar panels cost in your region. At Patriot Solar Energy, we help you find the most suitable plans so you can buy the best solar panels or get municipal solar lease. Clean energy fund dictates municipal solar PPA which helps you switch to solar power without the need to buy solar panels. Invest in your future today!

WHY SHOULD YOU BUY A SOLAR PANEL SYSTEM?

With all of the solar energy financing options available, choosing whether to buy or lease solar systems can be confusing. Buying is a great option for many homeowners and businesses, especially since the solar panel system is an investment. While the cost of the system can vary, rebates and solar energy tax credits can actually reduce the cost by up to 26 percent. One of the main benefits of owning a solar energy system is that you do not pay a monthly payment for the system. Adding a solar panel system to your home or business will also increase your building’s resale value. Buying solar panels often means maintaining them, however. The good news is that most solar panel systems require little to no maintenance. Here at Patriot Solar Energy, our solar panel systems come with a 25-year warranty. We handle all repairs and insurance at no extra cost to you.

WHY SHOULD YOU BUY A SOLAR PANEL SYSTEM?

Leasing a solar power system is the best option if you want a cleaner, more affordable alternative to traditional power sources with lower (or no) upfront costs. There’s no upkeep, no need to consult with an accountant to take advantage of tax credits, and at the end of the lease you may have the option to upgrade to a new system featuring the latest technology. Leasing a solar system is a great way to lock in low affordable energy rates, which means your savings grow over time when rates go up.

You start saving as soon as your solar energy system is switched on. When you lease, your solar panels are installed for free and they’re maintained at no cost to you for the duration of your lease. If you move, you can just transfer your solar lease to the new owner.

To find out what plans are available in your area, contact us today to schedule a free consultation!

Whether you choose to buy or lease, a solar panel system is an investment in your future (and the Earth's)!

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There has never been a better time to ditch your electric bill and invest in your future with a solar system!

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