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  • Did you know that hanging family photographs in your home can improve your children’s confidence? Photos of your kids (and your entire family) prominently displayed in your home communicate that you value them and that they are important family members. The photos let them know they are seen. Not only that, but family photos on… [Continue Reading]

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  • Lavender is a member of the Lamiaceae family and is a perennial herbaceous plant. It grows across the world’s temperate regions, including Europe and North America. The lavender plant can grow up to 2 feet tall. It has gray-green leaves that are oval in shape. The flowers are usually purple, but they vary in color… [Continue Reading]

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  • Sewers facilitate proper waste disposal from buildings to the designated points to maintain a clean and healthy space. The whole system is designed so that it doesn’t interfere with the comfort of the building dwellers and helps the waste management teams function well. Sewer lines cause a lot of havoc to individuals since it spreads… [Continue Reading]

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    Quality And Reliable Sewer Services For Various Buildings 
  • During the past 10 years, people all over the world have become increasingly receptive to blockchain and cryptocurrencies. Initially, cryptocurrencies were viewed as a serious threat to both local fiat money and governments. However, many former crypto opponents are now pushing for its adoption after witnessing its many benefits, according to Dan Schatt and Domenic… [Continue Reading]

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  • For small business owners, figuring out how to accept mobile payments can be overwhelming. Fortunately, that’s where Earnity, a new cryptocurrency marketplace, comes into play, according to Dan Schatt and Domenic Carosa, the fintech experts at the marketplace. Here is a rundown on why mobile payments matter in business and how the platform can help… [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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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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