Going solar is a smart, yet incredibly costly investment. Unfortunately, it’s because of the steep prices that most people decide against it. But, for those of you impatiently waiting for a company to offer an affordable solution, the day Atlantic Key Energy announces availability of solar lease in Florida is finally here!
We’d like to tell you about all the benefits surrounding this option so you can decide if leasing is the way to go!
The Difference Between Buying and Leasing
When you finally decide to go solar, it’s important to understand the difference between buying your own panels and leasing them so you can decide which option suits you better in the long run.
Basically, when you buy them, whether through a loan or with cash, you are the sole owner of the panels. However, keep in mind that you will also be responsible for maintaining them. That means you will need to call a repairman if they get damaged.
Unfortunately, not everyone is able to pay that much money for solar panels upfront. Although your initial investment will pay off in about five years time, it still requires a large chunk of change, which is where a lease comes in handy.
With a solar lease, you get all the benefits of solar energy, and you don’t have to pay upfront, but rather on a monthly basis. Ultimately, it’s just like paying rent.
Apart from that, when you lease solar panels, you don’t have to worry about maintenance. At Atlantic Key Energy, our team of trained experts will install your panels and keep them up and running!
Is Leasing a Cost-Effective Option?
In short ― yes.
Basically, using solar energy, whether with your own panels or leased ones will end up saving you money in the long run. However, there is a significant difference between buying and leasing.
Consider this: the average electricity bill in the US can be anywhere from $30 to $200 a month. Solar panel installation can cost up to $10.000. If you do the math, you’ll see that by purchasing these panels you can save up to $1,200 a year. However, if you don’t have the funds, you’re likely to pass up this opportunity.
But with the option of leasing available, you get the chance to significantly decrease your electricity bill. And you won’t be down $10.000!
Is Leasing Always the Best Option?
The only instance where buying is a better option is if you plan on selling your home. Ultimately, a solar lease could potentially lower it’s selling price. Let’s face it, potential buyers may be reluctant to take on someone else’s long-term contract.
Although, that’s not always the case. Some home-buyers are willing to transfer the lease onto themselves. That means the panels will remain the company’s property, and the new home-owners will keep paying the lease, along with a lease transfer fee.
On the other hand, if you own your own panels, they will only add value to your home. With so many Americans looking to go green, you’d have trouble not selling!
The Bottom Line
Going solar is the smartest investment right now, especially for those of you living in Florida. It is, after all, known as the Sunshine State!
In the long run, solar energy will help you save up a pretty penny. What’s more, you’ll be doing your part when it comes to helping the environment.
So, if you’ve been waiting for the day Atlantic Key Energy announces availability of solar lease in Florida, now is the time to get your panels installed!