Leasing Solar Panels: Exploring the Benefits and Drawbacks
Leasing solar panels offers a cost-effective way to harness solar energy without the upfront investment. With little to no upfront costs and predictable monthly payments, leasing appeals to homeowners looking to reduce their carbon footprint without breaking the bank. Additionally, leasing agreements often include maintenance and monitoring services, providing peace of mind to homeowners.
However, leasing solar panels may come with certain limitations, such as long-term contracts and restrictions on system customization. Additionally, while monthly lease payments may start lower than loan payments for purchasing solar panels, they may increase over time, potentially outweighing the benefits of ownership in the long run.Details