When it comes to solar, most companies will try to sell you a lease, but is that really the best option for you? The short answer: NO.
While it may sound tempting to sign up for a no cost solar installation, leasing your solar panels comes with hidden costs and zero ownership with hidden truth behind solar contracts. Here’s the truth:
Leasing Solar Panels? You’re Still Paying for Them Just Not Upfront.
When you lease your panels, you’re agreeing to pay for them every month just like a car lease. The difference? With solar, you never actually own the system. And the worst part? You don’t get the tax credit either.
The solar company is the one claiming the tax credit, not you. That means they’re pocketing thousands of dollars, while you’re left paying for the energy you’re producing.
Owning Your Solar Panels. Why It’s the Only Real Option
Tax Credit: When you own your system, YOU get the 30% federal tax credit, saving thousands off the upfront cost.
Control: You control how much you produce and how much you save.
Long-Term Savings: With ownership, you pay off your system over time and ultimately eliminate your electric bill.
Home Value: Adding solar to your home increases its resale value something you’ll never get with a lease.
If you lease, the panels are owned by the installer, and when you move, the system stays behind. With ownership, it’s yours for the long haul and that means real savings. The hidden truth behind solar contracts most companies won’t tell you truth
So, Why Do Some Companies Push Leases?
It’s simple: because they make money off it. By getting you to lease, they keep control over your panels and the tax credit. And guess who’s left paying for it all? You.
What You Need to Know Before Signing a Contract
1. Ownership is Key: You should own your panels and the benefits that come with them.
2.Beware of Hidden Fees: Watch out for installation fees and service charges that aren’t included in “free solar” offers.
3.Know Your Savings: Get a clear breakdown of your energy savings over time. Ownership bigge savings in the long term
It’s simple: because they make money off it. By getting you to lease, they keep control over your panels and the tax credit. And guess who’s left paying for it all you.
Own Your Power, Own Your Savings
If you’re serious about saving on energy and investing in your future, owning your solar system is the only option that makes sense. Leases look like a shortcut, but in the end, they cost you more.
With Maine’s solar incentives and the 30% federal tax credit, there’s never been a better time to own your system outright. Get the savings, keep the credits, and own your energy instead of renting it.
Serving Farmington, Maine and surrounding towns including Jay, Wilton, Rumford, Livermore Falls,and beyond.