A home improvement expert explained the benefits and potential downsides of purchasing versus leasing solar panels on their YouTube channel Top Homeowner (@TopHomeowner).
With leasing, you'll have much lower upfront costs and lower energy bills by paying a fixed rate for solar power, protecting you from energy inflation. However, the downside is that you won't own the system outright. This option could also make selling your home slightly more challenging, as some buyers may not want to assume the lease.
If you decide to invest in your own panels, it can raise your home's resale value by 3-4%, but it's important to remember that it usually takes eight or nine years to pay off first. However, homes with solar panels typically sell faster, so it's a solid investment.
TCD's Solar Explorer makes it simple for homeowners to understand their options. For example, if you're on a budget, Palmetto's LightReach solar leasing program can help you access $0-down subscription plans and a 20% utility rate savings.
If you'd rather buy, Solar Explorer finds you quotes from vetted partners like EnergySage, which can help you save up to $10,000 on home purchases, and even more if you decide to install a backup battery.
With rising electricity prices, installing solar is one of the best ways to hedge against them and achieve energy independence. Again, the Solar Explorer is an excellent resource for finding the right installer and system to meet your needs, and you won't have to spend time hunting down all the information.
As the Top Homeowner explained regarding installing solar versus leasing, "your choice might affect your home's resale value," so make sure to choose the option that best suits you.
Pairing home solar panels with energy-efficient appliances like heat pumps can help you save even more, and TCD's HVAC Explorer is a one-stop shop for all your heating needs.
Save $10,000 on solar panels — or get them on your roof without paying for purchase or installation Whatever your solar budget, Palmetto can help you save. If you want to buy your own panels, Palmetto's concierge 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. LightReach lets you lease solar panels with no money down, making it painless to lock in long-term savings. Palmetto covers a 25-year warranty for the panels, which means you'll get reliable performance without unforeseen costs. To get started, just answer a few basic questions about your home and connect with Palmetto's experts to find the option that's right for you. |
To lock in more savings, consider downloading the Palmetto Home app, which lets you unlock up to $5,000 in rewards to spend on home upgrades.
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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. |
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