Getting solar panels installed at your home is a great idea. Whether you decide to buy or lease them is totally up to you, but either way, you can be sure that your monthly energy bills will be going down. There are a lot of things to consider when switching to solar energy and one of the first decisions you’re going to have to make is to either buy or lease. Each option has its advantages and disadvantages and we are going to give you some of the information to be able to make that decision for yourself. 

The difference between buying and leasing solar panels

When you buy solar panels you will face some higher upfront costs, but you will also qualify for government and private incentives and rebates. This can greatly help defray the initial cost required to have a solar system installed on your home. There are many programs that offer loans specifically for the purchase of a residential solar system. One of the biggest differences between buying and leasing panels is that when you buy them you won’t have any associated monthly expenses once they’re paid off. 

Leasing solar panels will make the initial costs of solar system installation much less. This is what makes this option appealing to most people that go that route. The major difference is that you will not own the panels. A third-party company owns the panels and you are required to give them a monthly payment for the lease. Another advantage to leasing panels is that the third party that owns the panels will cover most maintenance costs. 

Make the right choice when choosing a solar installation company 

As we stated before, making the decision to get solar panels installed on your home comes with a lot of extra choices to make. A great local solar installation company is the best resource to help you make these tough decisions. One of our solar installation experts will come out to your home and will discuss the decisions you will have to make with you and give you the best options to choose from. If you are thinking about making the jump to green energy, Future Energy Solar has the expertise to guide you in the right direction. We’re aware that every customer’s needs are different and we will guarantee to explore the best options for your needs. Make the call today and see how we can help you.