Solar Leasing For Your Home
Highly efficient photovoltaic (PV) systems have become more affordable than ever over the last decade. The contributing factors are growing each year.
Improved engineering and manufacturing techniques are leading to greater product yield. Around the world, dozens of manufacturers with a solid track record of performance are competing for market share. In America, local, state and federal regulators are encouraging implementation through tax incentives and rebate programs.
Although prices have decreased, they can still represent a substantial capital investment for some homeowners.
USA Solar Electric has partnered with GreanGrid Solar to provide a solution to help homeowners move confidently towards renewable energy.
Solar Leasing and Your up-front Investment
With a solar leasing arrangement, USA Solar Electric will install and maintain the system on your property. GreanGrid will own the system and administer the lease. The homeowner purchases the electricity it generates at a fixed, predetermined rate.
When your system produces excess electricity it is calculated as a credit and channeled back to the power grid. At night or during bad weather your system will not produce enough electricity to meet your needs. During these periods your credit is drawn down. When your credits are exhausted you purchase electricity from your local utility.
The Affordability of Solar Leasing
Lease payments for a 2500 sq ft – 3000 sq ft home will be in the range of $50 to $60 per month. This type of a system will typically provide up to 60% of your electricity needs during the summer and up to 90% of your needs during the winter.
Leasing commitments run a minimum of six years. At the end of the term you can renew, buy-out or request a removal of the panels at no cost to you.
If you move and have to sell your property, your lease can easily be transferred to next property owner. All at no cost to you.
If you’ve had the system more that five years, you can exercise an option to purchase it outright and include it in the sale of the property. Studies have shown that solar-energy systems can reduce your time on market and significantly increase property resale values.
