If you lease a system, there are no upfront costs and you would start saving a few dollars per year, right from the start. However, the lease payment takes up a big chunk of the amount, limiting your actual savings.
The leased system will generate roughly $4,000 total savings over the 20-year lease term. Over that same period, the owned system would have paid for itself, plus earned you more than $50,000 additional. By the end of the 25-year warranty period of owning solar panels, you would save nearly $125,000 above and beyond the initial cost of a system.
With Quantum Solar Designs, you can own a system for less than it costs to lease, and less than you currently pay for electricity. How does it work? With a simple trust Solar Loan Program.
The solar loan is a LOW, Fixed Interest Rate for 12-20 years. Other companies offer a lease agreement.
When is leasing a system a good choice? If you are a non-profit entity, non-profits do not pay income tax. Therefore, they could not benefit from the federal investment tax credit for solar. In this situation, a lease is often used and the lease company will take the tax credit instead of the customer.
Whether you opt for ownership or leasing depends on your unique financial situation. It is important to partner with an experienced solar contractor company like Quantum Solar Designs, a leader in green source energy that strives to educate the public about the best options to go solar. We will never pressure you into a sale, and only advise you on the best long-term investment choices that fit your lifestyle.