Are you considered switching to solar?
Many of our customers are interested in not only living a more sustainable lifestyle, but also looking to save money on their energy bills and protect themselves against rising energy costs.
When switching to solar energy, there are many options – which can seem overwhelming. To help you start thinking about what might be right for you, let’s take a quick look at three of the most popular options: leases, purchases and loans.
Solar Leases
- The solar company purchases and owns your solar panels.
- You pay a monthly payment to rent the equipment – the same amount each month, regardless of how much solar electricity your system produces.
- Your rental amount may or may not increase from year to year.
- You are responsible for installation fees but all maintenance and repair services are covered.
Solar Purchases:
- You purchase the solar electric system.
- Your panels add to your property value.
- You avoid the hassle trying to transfer a solar lease if you sell your home.
- The price of your solar energy does not rise monthly or annually.
- You may qualify for federal tax credits and any other local incentives your city may offer.
- If you purchase from Luminalt, you know that the solar panels provided are of the highest quality and durability.
- You are protected by a 25 year manufacturer’s warranty.
- You save more money over time than with a lease.
- The size of the system can be easily increased at any time (if you buy an electric car or grow your family).
- You do not pay any interest.
Solar energy loans:
- You get all of the benefits of owning a system.
- Low monthly payments that do not increase over time.
- Low fixed interest rates.
Still have questions? Please, feel free to give us a call at 415.641.4000.
We have helped home owners across the Bay Area achieve their solar energy goals and meet their budgets.