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  • Rob Andrews

All You Need to Know About Getting a Solar Lease: Our Guide

Today, the full-fledged push towards a more sustainable future across America has become more prevalent thanks to an increased level of awareness, especially when it comes to investing in renewable energy.


The relevance and advent of renewable energy


Although such technology isn’t the newest development in the world of sustainable living, the impact of solar energy has become more widespread than ever. In fact, today’s businesses and homes alike have been gradually converting to using and investing in solar technology because of its general availability and practicality.


Thanks to the continued development and advent of today’s solar energy set-ups and pieces of technology, it has become much easier to hop on the sustainability train. With promises of at least 30 percent in electricity savings and the largest positive impact on any household’s carbon footprint, it’s easy to see why solar power is becoming the focal point of a renewable future. However, there’s just one problem with solar energy: it’s fairly expensive!


A high barrier to entry?


Currently, the $25,000 average price tag for a home solar system is the biggest hindrance that holds many homeowners back from making the switch to sustainable energy. After all, this is a significant fraction of one’s mortgage! While the opportunity to switch over to a more sustainable way of living is one that can’t be overlooked any longer, the costs involved with the transition raise a significant amount of financial concern. Thankfully, this is where a solar lease can come in and help ease the move.


A quick guide to all that you’ll need to know about solar leases


On top of the rising pressure to switch to a greener lifestyle, the issue of home solar power systems becoming too expensive now puts American homeowners in a tight situation. However, solar leases have risen to the occasion by offering valuable opportunities to alleviate the costs associated with the installation while making for convenient repayment experiences.


Before you apply for a solar lease to help with your switch, it’s also important to brush up on the basics of what you’re potentially getting into. Let’s now look at some of the most important specifics that you’ll need to consider before all else to help ensure that you’re ready for the transition:


Down payments


Traditionally, solar leases come with a downpayment that helps protect lending firms from buyer delinquency or a complete lack of integrity. However, solar programs now heavily advertise zero-down programs that cut out the need for an upfront payment so that qualified homeowners can have a stress-free entry.


Note: It’s vital to consider the numbers involved at first and how they will pan out in the long run because a waived down payment can add a few years more of a monthly payment— so study the policy closely!


Lease lengths


Much like any other vital financial investment or expense, solar leases come with specific lease lengths that can stretch over 10, 15, or 20 years to make for approachable monthly payments and better experiences. Although each lender offers a different experience depending on the type of program that you apply for, it’s vital to consider that each option presents a unique outcome in the long term!


Conclusion


In times like these, where a switch to sustainable energy is far more desirable, beneficial, and impactful, getting a solar panel system presents an opportunity that can’t be overlooked. Although solar panel systems and set-ups are rather costly because of the different technology pieces that they include, having a solar lease can make all the difference and ease up your payment experience! Are you looking for solar panel installation services to upgrade your home’s value in Upland, CA? SoCal Solar Guru has got your back! We work directly with manufacturers and solar programs in the USA to get the best installation and service teams for our customers. Check if your home qualifies for installation by booking a call with us today!


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