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  • School administrators play a critical role in the educational system, ensuring that schools function effectively and students receive the education they need. For this reason, it is essential that school administrators stay informed and up-to-date about best practices, trends, and tools in the field of education. In this article, let’s explore some of the top… [Continue Reading]

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    The Top Resources for School Administrators
  • Medical school is a challenging and rewarding journey, but getting accepted into one is no easy feat. In order to be successful in your application process, you must understand the medical school admission requirements and how to best meet them. From having a strong GPA and MCAT score to gathering letters of recommendation and preparing… [Continue Reading]

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    Tips on Preparing for Medical School Admission and What to Expect
  • At some point in their lives, many people struggle with their weight. If you are struggling to lose weight despite your best efforts, then you may want to take a look at Semaglutide – one of the newest drugs on the market designed specifically for obesity treatment. In this blog post we will discuss what… [Continue Reading]

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    Semaglutide for Weight Loss: What You Need to Know
  • High-security personal checks have added security features to prevent unauthorized access, counterfeiting, and fraud. High-security checks may be necessary for individuals who handle large amounts of money, such as business owners or executives, or those concerned about the potential for fraud. Some security features that may be included in high-security personal checks include watermarks, microprinting,… [Continue Reading]

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  • Are you a tour operator looking to leverage the power of software to improve your operations? With the rise of Software as a Service (SAAS) technology, you can now access the same tools and services used by larger companies, enabling your business to run more efficiently and effectively. What is tour operator software? Tour operator… [Continue Reading]

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September 27, 2021

Exploring the Pro’s and Con’s of Leasing Versus Owning Solar Panels

If you’ve been considering the benefits of getting solar panels, you’re in good company. In 2020, the solar industry capacity grew 43% from 2019!

There are pros and cons of whether you consider owning or leasing solar panels. Keep reading to learn more about these choices to help decide what works best for you.

Owning Solar Panels

If you go the route of owning your solar energy system, it could increase home value. You might decide to sell your home down the road, and you’ll want to get as much for it as possible. You may make a career move or downsize and need the house to have some perks.

Going solar could increase home value by over 4 percent! That could mean thousands of dollars. That’s aside from the tax deductions you get.

Many people get hit with rising energy costs during hot summers and frigid winters. When looking to save on utility bills, solar energy can help. Since it draws natural power, you don’t have to pay for as much electricity.

When you’re on a budget, it may seem impossible to justify the installation costs of a solar energy system. Depending on the size of the unit needed, it can cost anywhere from $5,000 to $40,000. You can get financing at Blue Raven Solar, which makes owning your system affordable!

In some cases, you can get approved for no money down. That removes all installation costs, but you may need an impeccable credit history.

Another possible con is that owning your system means you will have to pay to get it fixed if needed. The associated costs will vary according to what needs maintenance.

Leasing Solar Panels

When you lease solar panels, you get to make monthly payments. Many people may not want to borrow money or don’t qualify for a loan. Leasing also gives you the benefit of solar panels without the installation costs.

You can save money on utility bills and not get too concerned about rising energy costs. Leasing gives you a way to have an efficient solar system without breaking the bank.

If you decide to lease, you don’t get overwhelmed with any maintenance fees. When something breaks, the solar company agrees to fix it at no charge to the customer.

On the downside, you won’t get any of the tax benefits owning the system gives you. That could mean thousands of dollars lost in savings.

When you make monthly payments on a leased system, it won’t increase home value. The solar panels will get removed if you sell the house. You won’t reap the benefits of a higher sale.

The Best Option

Is owning or leasing solar panels the best option for you? It depends on what you want to accomplish and your situation at the time. The crucial point is that getting solar panels can benefit your home whether you buy them or lease them.

There are affordable ways to get solar panels, so no matter what option you choose, you will get the benefits. It’s an investment in long-term savings! Check out our other articles for more informative lifestyle content!

To read more on topics like this, check out the Home & Garden category

Filed Under: Home & Garden

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Hey guys it’s Adam! I am a writer, a blogger, and a curious human being full of ideas. I remember as a teenager going to my local store to grab a freshly published magazine about the ins and outs of the online business world. Read More…

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Tips on Preparing for Medical School Admission and What to Expect

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Hey guys it’s Adam! I am a writer, a blogger, and a curious human being full of ideas. I remember as a teenager going to my local store to grab a freshly published magazine about the ins and outs of the online business world. Read More…

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