Whether for a vehicle, real estate, electronics, or business equipment, leasing is an excellent option for people who want low monthly payments without a big upfront cost or the burden of unexpected repairs.
Leasing solar panels is also becoming popular, as more homeowners are considering this option rather than buying them.
In a YouTube video, Brad the Solar Guy (@bradthesolarguy) answered the question for his viewers: "Is a solar lease worth it?"
In his video, he explained that getting a solar lease was worth it for him because he's saving almost half now from what he paid before and has a guaranteed price for the next 25 years. The price on his lease is less than what he pays for electricity, so he said he feels well protected for the foreseeable future.
"My energy bills have nearly halved since day one. But the real kicker? I've got a guaranteed price locked in for a quarter-century. Talk about peace of mind!" he wrote in the caption.
"I look at leasing solar as kind of like an insurance program," Brad said in the video. "It's kind of like buying insurance against future price hikes with the utility. But unlike insurance, actually, it saves you money right away as well as protecting you."
Brad's perspective is helpful because it shows how cost-effective leasing solar panels can be, both now and in the future.
Regardless of whether you lease or buy, going solar is one of the best ways to save money on monthly utility bills while doing your part to lower planet-overheating pollution.
Get $1,000 cash to slash your bills with rooftop solar panels for $0 down and low monthly payments Whatever your solar budget, Palmetto can help you save. If you want to buy your own panels, Palmetto's advisors can help you save up to $10,000 on installation through a network of preferred installers. And if you'd rather get solar savings without upfront costs, Palmetto's revolutionary LightReach subscription program can deliver — including an exclusive $1,000 cashback offer for TCD readers. LightReach lets you lease solar panels with no money down, making it painless to lock in long-term savings of up to 33% off your current power bill. Palmetto covers a 25-year warranty for the panels, which means you'll get reliable performance without unforeseen costs. To get started, just book a short meeting with Palmetto's experts to explore your options and find the solution that's right for you. |
If the upfront cost of a solar system installation feels prohibitive, leasing panels can help you gain the benefits of a clean energy-powered home without a considerable investment. For example, Palmetto's LightReach program helps homeowners lease solar panels and offers no-money-down plans.
Palmetto offers clean energy solutions in 31 states and has local expertise and incentives to help you affordably embrace the solar energy transition.
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If you don't have solar panels on your home, which of these factors is the biggest barrier to installing them? Click your choice to see results and speak your mind. |
Upfront costs 💰 If you'd rather own your solar panels long term, EnergySage offers free tools to help you compare local installer quotes and find the best deals on a reliable setup.
Meanwhile, our helpful pros and cons list can help you decide whether leasing or buying solar panels is right for you.
On his YouTube channel, Brad the Solar Guy shared another video addressing the question of whether you should own or lease solar panels.
"I strongly believe that both can be excellent, and it really just depends on what your situation is financially and otherwise in your life at the time," he said.
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