Solar Leasing Becomes Viable Option For Homeowners
A potentially cost effective solution for clean energy consumers
Given US federal tax credits, potential for financial gains and most importantly opting for a greener energy choice, solar-powered homes have become increasingly popular. Still, the upfront and maintenance costs can prove to be less cost efficient for many homeowners. As such, a new leasing program is starting to take off among those still wanting to use clean energy.
Operating like most car leases, solar financing companies charge consumers for the equipment as well as any additionally required power not provided by the system; although this may seem to still be a costly measure, consumers will often have the opportunity to buy the system after the lease is fulfilled for a nominal set price. Many of the solar companies will also provide maintenance, and the federal tax credit should still apply to homeowners.
[via: Green Building Elements]