If you’ve seen one too many over-inflated energy bills—and chances are, running the AC this summer has made it a costly one—and you’ve decided to make the switch to solar, you’ve got several options on the table.
Unless you’re this guy and the MacGyver of renewable energy, the DIY option is probably a bit beyond your technical expertise (plus you might have better things to do than tinker around with batteries and cables all day). So with that in mind, let’s go through the two most common residential solar solutions on the market.
$0 Down – The Popular One
Phenomena such as lemmings, fascism in 20th Century Europe, and the screaming horde of preteens who worship the latest boyband craze are firm reasons to reject whatever happens to be popular. The funny thing is, sometimes good things are popular too. In this case, consider solar leasing—something which 3 out of 4 homeowners are choosing when switching to solar.
With a free solar array on your roof and a Solar Lease Agreement in hand, you’ll pay the same price in 2024 that you’re paying today, which means more money in your pocket and less to the utility company.The most affordable solar system on the market today is a $0 up-front solar lease. It gives you, the homeowner, a free solar array—and when we say free, that includes installation and future maintenance and repair costs. You enter a Solar Lease Agreement with your solar energy company—like Sunlife—to lock in your monthly utility rate for the next 20 years at an cost equal to or lower than what you currently pay.
With a free solar array on your roof and a Solar Lease Agreement in hand, you’ll pay the same price in 2024 that you’re paying today, which means more money in your pocket and less to the utility company.
Buying Outright – Thinking Long Term
If you’ve checked your bank balance and there’s enough free cash available for you to buy a decent car, purchasing your system might squeeze the funds now, but it pays off tremendously down the road.
The good news is that despite the initially high cost, tax credits at the federal and (sometimes) state level mean that now is as good a time as any to sign the check for your home solar system. It’s possible to get 30% or more of your investment deducted on your tax return. Better off in your pocket than in Uncle Sam’s, right?
Even better news is that the payoff on your investment will only take about a decade, give or take a year. And in case you move homes, it’s worth remembering that a solar array will only increase the resale value of your house.
Because Sunlife is awesome, even if you purchase the system from us outright, we’ll still have your back—you’re covered for the next 20 years.