As a leading Fresno solar company, True Solar & Electric Inc. understands that choosing between owning and leasing solar panels is a significant decision. Each option offers distinct advantages, and the best choice depends on your specific needs and financial goals. Here’s a breakdown to help you decide what’s right for you.
Owning Solar Panels
Pros of Owning Solar:
- Increased Home Value: Installing solar panels can significantly increase your property value.
- Long-Term Savings: Though the initial cost is higher, owning your panels maximizes long-term savings as you eliminate your electricity bills.
- Tax Benefits: Owners qualify for federal tax credits, including a significant percentage off the cost of the system on your taxes.
Leasing Solar Panels (PPA)
Pros of Leasing Solar:
- No Upfront Costs: Leasing involves little to no upfront costs, making solar accessible without a substantial initial investment.
- Maintenance-Free: The leasing company is responsible for maintenance, reducing your responsibility and potential additional costs.
- Flexibility: Leasing terms usually include options to buy, renew, or terminate, giving you flexibility as your circumstances change.
Conclusion
Whether you choose to own or lease, solar panels are an excellent investment in Fresno. Owning is ideal for those who are ready to invest upfront and enjoy more significant savings and tax benefits in the long run. Leasing, on the other hand, is perfect for those who prefer a low-commitment solution with fewer responsibilities.
Choose what aligns best with your financial situation and energy goals. If you have any questions or need further assistance, contact True Solar & Electric Inc., your trusted Fresno solar company.
