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Should I buy My Solar Energy System Or Should I Lease It?
With solar energy in Boca Raton Florida that you lease it allows a solar energy company to build a system on your property at no up front cost to you, then charge you a monthly fee to use the power in has gathered. These contract are done with the idea that you may not want to owe money for the system but give you a lower return on the investment over the life expectancy of the solar energy system.
Under these types of agreements the solar energy company in Boca Raton Florida would retain ownership of the solar energy system but would allow the homeowner to rent back the system to use some of the benefits.
In most cases home owners in Boca Raton do more solar energy purchases than leases by a huge margin. This is do to the option of finance with zero down allowing solar energy power to be achieved with no up front coast.
Now if you do go solar energy in Boca Raton or anywhere else understand that you are not going to be able to get a tax break. This means that the solar energy installation company will be the one claiming the tax break allowing them to get a 26% federal tax savings.
Under the agreement of purchase of your solar energy in Boca Raton Florida, you pay a flat finance fee to own the system and what ever you are able to use is yours 100%.
And Under a solar lease agreements, you are only billed for the energy you use. but may pay a lower rate than the power company charges.
Another fact about leasing solar energy in Boca Raton is that you're never responsible for maintenance or repairs in most cases. But the other side of that is that most solar energy in Boca Raton Florida are sold with a 20 year warranty making the idea of maintenance or repairs a very small one.
Another factor you might want to think about before leasing a solar energy in Boca Raton is the Yearly-Rate-Escalation. In some solar energy lease agreement you'll find a yearly escalation clause that increases your rate each and every year. This escalation can be as much as 3 - 4% per year. And after adding that up you could be at a 30-40% higher rate in just 10 years.
So what happens when you decide to sell your home when you have a leased solar energy in Boca Raton Florida or anywhere else for that matter?
You would have to find a buyer that is willing to take over your solar energy lease agreement. This could be hard as solar energy in Boca Raton Florida are not common as most consumers believe it's better to buy ''for now anyways''.
Final thoughts about going solar energy in Boca Raton Florida.
You could go solar energy power in Boca Raton in different ways but it seems that at this time going solar energy by leasing is certainly the least appealing option of the bunch.
See links that are related to going solar energy in Boca Raton Florida.