The most traditional route to harness the power of clean energy for your home is to buy solar panels. However, there are alternative options for homeowners who can't afford this investment.
In a recent post to r/solar, a Reddit user pleaded with the community to stop demonizing leases and misleading people into believing they are a scam.
In the post, the OP pointed out that many people can't afford the tens of thousands of dollars it costs to purchase an at-home solar system. They advised that purchasing a solar system is perhaps the best way to save money in the long run, but that leases also offer significant savings worth considering.
"Please remember that this is a financial decision for most people, not a moral one," the OP wrote. "If someone saves money with a lease who wouldn't otherwise get solar, then a lease is totally fine."
This Reddit post is helpful because it reminds readers that leasing solar panels is a viable and cost-effective option.
Having solar panels is, in one way or another, the ultimate home energy hack, which can reduce your monthly energy costs to $0. If you're in a position to buy solar panels, EnergySage can help you save up to $10,000 off the installation costs with its free quote comparison tool.
But if leasing feels like a better fit, Palmetto's LightReach program can help. Leasing panels through Palmetto can minimize the upfront costs of a solar investment, as plans are available with no down payment required.
If you're not sure whether buying or leasing solar panels is right for you, check out this pros and cons list of both options to help you decide.
Followers of the r/solar subreddit appreciated the OP's post and perspective on leasing solar panels, as well as the benefits of this option.
"Where I am at, a majority of solar was sold because of leasing options," one Reddit user commented.
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"We need as much solar adoption as possible, especially amongst homeowners subject to the whims of investor-owned utilities," another Redditor wrote.
"Part of the drive behind the increasing prevalence and market acceptance of TPO solar is the simplicity," someone else added.
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