Why Lease Solar Panels When You Can Own Them?

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Now more than ever, it makes sense to own a solar power system instead of leasing one. The savings are significant, since purchasing a system presently pencils out to about 50 percent less than leasing over the long term and the payback period is now as low as three years. As prices continue to drop, more builders and developers are offering solar as standard in their new communities and we expect the trend to continue. Around the country, many solar rebate programs administered by states and utilities have begun to expire or at least are being overhauled. This does not mean that solar is going to die. It’s actually stronger than ever. Even without rebates, solar is now cheaper than the electric utilities in many areas, with grid prices typically rising 5 percent each year.

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