Have you been seeing more rooftop solar installations in
your neighborhood? Their high price tag once put them out of range for many
homeowners. Now, thanks to lease options, more homeowners are able to undergo
solar installation and reap the benefits of generating their own electric power
Lease options eliminate upfront costs for installation,
labor, and equipment. With a solar lease, you can enjoy immediate energy
savings without the hefty price tag. You won’t have to worry about waiting
until after your payback period has been met to truly gain energy savings from
your solar installation.
In locations across the United States, solar lease options
are helping new demographics of homeowners take advantage of using solar energy
use. While you may only have seen them in more affluent neighborhoods before,
solar installations are springing up in neighborhoods everywhere. The
difference is that some homeowners choose to own their systems outright while
others choose to lease.
A study performed by the United States Department of
Energy's National Renewable Energy Laboratory found a correlation between
owning a solar panel system outright and a household’s income. Neighborhoods
with households averaging income of $150,000.00 or more each year have been
found more likely to own solar panel systems outright.
The solar lease options are more popular in neighborhoods with lower household incomes. While the upfront cost to own a solar panel system might be out of the question for many households, solar leasing makes the solar power option a possibility. Choosing to lease a solar installation has opened the doors for many new homeowners to add solar panels to their homes and reap the benefits.
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