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My Recent Comments
Leasing makes solar far more expensive. The solar lease and PPA companies typically price their systems much higher than what the homeowner can purchase the system for. When you consider the forfeited incentives, the much higher pricing and the 20 years worth of lease payments which many times has a 2.9% annual payment escalator, it is actually the consumer who is paying for any maintenance or repairs, many, many times over. Paying up to triple the amount that you would have paid for a solar system, simple because you're getting $0 down financing on a rented system makes absolutely no sense when compared to a $0 down solar loan on a much lower priced system that allows you to keep all of the incentives and own your system.
And good luck ever selling your home with a lease attached to it. What homebuyer will want to assume your lease payments on a used system, when they can buy and own a brand new, state of the art system for less than $3.00 a watt, installed, before incentives? Thousands of homeowners across the country, now have solar leases that are underwater. Don't take my word for it, search the Internet and you'll find many articles and posts concerning homeowners who are having difficulty selling because they have solar leases attached to their homes.Sep 19, 2013