Lease Solar Panels Boston

A solar lease gave you the opportunity to run on sun without having to pay the 11 000 14 000 that it costs to install panels in one fell swoop.

Lease solar panels boston.

Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. You ll also need a credit score of at least 650 so if you ve run into trouble recently you may have a difficult time obtaining a lease. You ve saved energy lowered your low utility bills and felt the undeniable pleasure of sharing these perks when the topic of solar came up with anyone who would listen. Eversource has some of the highest electric rates in the u s which helps make solar a great investment in the boston area.

You re probably using eversource as your utility. You make monthly payments for the panels and are entitled to all the electricity they produce. Boston is a great place to go solar. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.

Leasing solar panels results in lower upfront costs but your long term savings are a bit lower as you ll continue to pay for electricity during the lease. If you choose a solar lease facilitated by boston solar the solar lease provider owns the solar panel system receives all of the federal tax credits state rebates monthly smart payments and you have a monthly lease payment for 20 years. At the 7th year there is a potential buy out of the system at 15 or fair market value. Solar leasing is a lot like a lease on a car.

You will still receive the benefits of a lower utility bill but will not own the system. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. Leasing panels from a solar company is another option and it has no upfront costs and an immediate payback. You lease the solar panels and receive all the energy they produce but do not own the panels.

Most lease providers provide the option to buy the panels at the end of the lease term at a discounted price. Get the best deal. If you choose a solar lease facilitated by boston solar the solar lease provider owns the solar panel system receives all of the federal tax credits and accelerated appreciation and you have a monthly lease payment. In exchange for a monthly fee and agreeing to a long term contract the company will.