Which Way To Go? Buy or Lease Your Solar Panels?

Decisions about how to finance the solar power system is dependent on financial goals. If we talk about the difference between buying and leasing a solar PV system, it is based on the ownership. When an individual buys a solar panel system, he/she owns it, either outright or after the solar loan has been repaid.

On the other hand, if we talk about leasing solar panels, a third party is involved in the whole matter and it is that very party who owns the system.

It is quite significant to know that the distinction creates an impact on the maintenance, cost, financial offsets, terms and savings/returns on the investment of the solar panel system.

Purchasing the panel system by cash or financing a purchase with solar loan is the ideal option in the below given conditions:

• You want to increase the capital benefits of solar panel system installation instead of solely taking advantage from system’s environmental benefits
• You are eligible to decrease the federal and state tax liability via the federal investment tax credit
• You own a business and realize tax benefits by treating the system as a depreciable asset
• You want to maximize the market value of your property by installing the system

Solar Lease Is TheBest Option When

• You are interested in using the electricity that’s generated from renewable resources
• You want to avoid the headache of repair and maintenance for a solar panel system
• You are qualified for state or federal investment tax credits that result from your investment in a solar panel system
• You are not interested in waiting until the coming years to get the financial benefits possible from tax credits

So, this was all about solar energy lease. With all the benefits in front of you, taking the right decision shouldn’t be a problem.

When it comes to source electricity from clean and renewable source, leasing solar panels is a good approach. Besides, it also helps with cost-saving benefits and is a hassle-free way to get the best of solar power without paying upfront costs and spending on maintenance. If you are planning to lease solar panel, go head now!

Leasehold Finance Advisors, Llc is a pioneer name in field consulting group in wireless. Their knowledge and expertise in cellular leasehold agreements serves the landowners to get the maximized value for their property from the investors.