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Buying vs. Leasing Solar Energy Systems by John Valentine





Article Author Biography
Buying vs. Leasing Solar Energy Systems by
Article Posted: 02/19/2013
Article Views: 79
Articles Written: 50
Word Count: 499
Article Votes: 0
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Buying vs. Leasing Solar Energy Systems


 
Home Improvement,Environment,Science & Technology
With the threat of global warming looming over our heads and conflict over oil and natural gas dependency, many in the world are searching for an an energy alternative that will solve some of these problems.Solar energy has been in existence for a while, but it is not until recently that it has seen enough improvement to be a legitimate and practical source of energy for homeowners. By taking advantage of solar installation in NJ and NY, residents can reap the financial and environmental benefits of a home powered by solar energy.

However, despite how beneficial solar energy can be to a homeowner, making the switch is not as simple as some might think. The problem with NJ and NY solar installation is that there are a few purchasing options that can be very confusing for consumers unfamiliar with the process. Customers have a choice between purchasing and leasing the equipment that is installed on their roof. Each choice has its advantages and disadvantages and ultimately the decision depends on each homeowner’s individual situation.

Leasing a solar energy system is the simpler and more carefree of the two options. Instead of paying your normal utility bill, a company will install solar panels on your roof, sometimes with zero money down. What you pay is a monthly cost that is billed to you just like your normal utilities would be, but it will usually be cheaper than your previous electric costs.

The advantages to choosing leasing for your solar energy all revolve around the simplicity of the process. There is virtually no investment on your part to set up these panels on your home, but you receive the benefits of cheaper bills and a reduced carbon footprint. Even if something were to break on one of the solar panels, you are not responsible for this damage and the company will make the repairs. Leasing for solar installation in New Jersey and New York is incredibly easy.

Your other option is to go ahead and actually purchase the solar power system for yourself. While requiring high initial costs and work, there are also advantages to purchasing over leasing. Instead of signing on to a 15-20 year lease, as most companies require, buying outright grants you freedom with your solar energy and there is even a chance of selling back to the grid in cases. The money you are paying will be giving you something to show in the end and it is easier to sell your house without a solar lease being part of the deal.

As previously stated, leasing or buying for solar installation in New York and New Jersey can both be great improvements to your home’s current energy situation. However, you must look at what you are currently able to afford and the work you personally are willing to put in before deciding. Either way, solar power is the energy of the future and a wise choice for homeowners.

Related Articles - Solar, Installation, in, NJ, and, NY,

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