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Increases To Your Utility Rates
Why Continue To Be Held Hostage By Never Ending Higher Costs!
Your Home Valuation Increases
View NREL and Berkeley Labs articles below
In by far the most exhaustive and detailed study to date, the National Renewable Energy Laboratory (NREL) found that solar homes sold 20% faster, for 17% more than the equivalent non-solar homes, across several subdivisions built by different California builders.
Berkeley, CA– New research by the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory finds strong evidence that homes with solar photovoltaic (PV) systems sell for a premium over homes without solar systems.
Leasing VS Owning
Consider these drawbacks to leasing:
The solar leasing companies own the solar panels, so they, not you, get the 30% federal tax credit.
The solar leasing lease companies own the power that your panels generate, so although you will get a reduction in your monthly bill you will still be obligated to continue to pay the 80-90% utility payment to the solar leasing company. In essence they become your utility provider.
You’re buying your energy from the solar service provider, but in cases where your panels don’t generate enough power you also have to buy your energy from your traditional utility.
The price per kilowatt may be fixed, but solar service providers often build in an annual price escalator of 1-5%.
Transferring property ownership with a solar lease can be problematic. Solar contracts require the new owner to take over the leases and terms, which often aren’t attractive terms to potential new owners who would prefer to own the equipment. In these cases the current owner may be liable for the remaining lease term and any fees associated with removing the equipment.
You can’t claim ownership or get credit on your appraised value with leased solar panels.
In contrast, consider all the financial benefits of owning your solar panels:
You harvest the SRECs (solar renewable energy credits)
You pay little or no money for your electricity bill, except in cloudier weather when your system generates less electricity
You own the panels, so you can legally sell them if you sell your home, and you can receive a potential higher green premium on your sale or on a new appraised value. Many consumers now recognize solar power as a justifiable premium cost and value when making property purchase decisions.
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