Should you sign up with a solar leasing program? Check out the real costs from Consumer Reports

Consumer Reports published the article “The Real Cost of Leasing vs. Buying Solar Panels” June 30th of this year. According to the article, the cost of leasing can add up to $30.000 to the cost of the system over a 20 year period.

Leasing vs buying solar panels

Many people are drawn to the ease of leasing versus buying, since leasing eliminates a lot of the decision-making needed when buying a system. Leasing is definitely easier to get into, but there are many reasons not to lease — in fact, one of the primary drivers of the increase in residential solar has been the Federal Tax Credit program, which reduces the cost of a system by 30%. The credit can be claimed over a 5 year period, but it is not available to leased systems. For the complete article, and many other reasons to purchase a solar energy system versus leasing one, visit the Consumer Reports article at this site: http://www.consumerreports.org/energy-saving/real-cost-of-leasing-vs-buying-solar-panels/