USA Solar Energy offers competitive solar and battery system financing through multiple lenders with no money down options for qualified applicants.
When considering whether to own your solar panel system or rent them through a lease or a power purchase agreement (PPA), there are several factors to consider. Here are the top reasons to own your solar panel system instead of renting:
1. Financial Benefits:
Investment Returns: By purchasing and owning your solar panel system, you benefit from the long-term returns on your investment. Over time, the energy savings generated by your panels outweighs the initial purchase cost, providing significant energy cost savings and financial gains.
Home Value: Solar panel systems increase the value of your home. When you own the system, this added value and home equity directly benefits you. A Zillow study shows an increased sales price of 4.1% for properties with solar over non-solar properties.
2. Control and Flexibility:
Ownership Control: When you own your solar panels, you have full control over the system, including maintenance and upgrades. You can make decisions about the type of equipment, system size, and maintenance schedule.
Energy Independence: Owning your solar panels means you're not tied to a lease or PPA agreement, giving you more freedom and independence in managing your energy production and consumption.
3. Tax Incentives and Rebates:
Tax Benefits: In the US, owning solar panels qualifies you for tax incentives, such as the 30% federal Investment Tax Credit (ITC). These and other government incentives help offset the initial installation cost.
4. Long-Term Savings:
Reduced Energy Costs: When you own your solar panels, you can benefit from long-term savings on your energy bills. Once the panels are paid off, you can potentially enjoy free or significantly reduced electricity for many years to come.
5. No Lease or PPA Payments:
Elimination of Monthly Payments: With ownership, you won't have to make monthly payments associated with solar leases or PPAs. This can improve your monthly cash flow. Keep all your benefits by owning your own Solar Energy System.
6. Environmental Benefits:
Ownership Encourages Sustainability: When you own your solar panels, you are directly contributing to a sustainable and eco-friendly energy source. This can be a source of pride for environmentally conscious homeowners.
Ultimately, the choice between owning and renting solar panels depends on your financial situation, goals, and preferences. It's important to evaluate the long-term financial implications and the level of control and responsibility you're comfortable with before making a decision. Consult USA Solar Energy and /or a financial advisor to help you make an informed choice based on your specific property and circumstances.
You can also request a free Return on Investment (ROI) proposal, customized for your specific property from USA Solar Energy at www.USAsolar.Energy or call (949) 281-1140 to speak to an energy expert. All that is needed for the most accurate proposal is a full electric bill from your current utility provider.