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Solar Electric Systems - What You Need to Know about Leasing

When it comes to leasing solar electric systems, homeowners need to know how it works, what it costs and how to reap the many advantages. Although leasing can appear complicated, an experienced solar contractor can help you throughout the process. Leasing not only makes great financial sense, but it will help you do your part in protecting the environment.

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Solar Electric Systems - What You Need to Know about Leasing

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  1. Solar Electric Systems What You Need to Know About Leasing © 2012 American Solar Electric. All rights reserved.

  2. Solar Electric Systems What you need to know about leasing • How it works • What it costs • How to reap the advantages An experienced solar contractor can help you through the process. © 2012 American Solar Electric. All rights reserved.

  3. Solar Electric Systems More Homeowners Favor Leasing • Preferred method for purchasing solar • Two options for leasing solar: • Low, upfront lease • Prepaid lease • 44% of solar installs in March 2011 were owned by a third party company. • By February 2012, that number increased to 75% and is expected to rise in the future. © 2012 American Solar Electric. All rights reserved.

  4. Solar Electric Systems How Leasing Works • Solar contractor partners with financial company to provide leasing services • Contractor designs customer system and installs it • Leasing company purchases system and leases it to homeowner • Maintenance is included © 2012 American Solar Electric. All rights reserved.

  5. Solar Electric Systems How Leasing Works • Low, upfront lease offers benefits of solar with little or no upfront costs • On low, fixed monthly payment • Locks in electricity rates for length of the agreement, typically 20 years • Pre-paid lease pays more upfront but has higher utility savings over the life of the agreement © 2012 American Solar Electric. All rights reserved.

  6. Solar Electric Systems Leasing Advantages • Affordability: you don’t have to come up with a large payment for a solar installation. • Flexibility: typically, a leasing company will offer different investment options like a low upfront or pre-paid option. • Consistency: because your monthly payments are fixed with the low upfront lease, you’ll know exactly what your electricity is going to cost you for the next 20+ years. © 2012 American Solar Electric. All rights reserved.

  7. Solar Electric Systems Leasing Advantages • Savings: The fixed monthly cost for solar power will be less than your traditional utility bill. • Maintenance-Free: Since the leasing company will own the solar electric systems, they will manage installation and monitoring. • Eco-Friendly: In addition to locking-in your electricity rates, you’ll be using clean energy. © 2012 American Solar Electric. All rights reserved.

  8. Solar Electric Systems Leasing not only makes great financial sense, but it will help you do your part in protecting the environment. © 2012 American Solar Electric. All rights reserved.

  9. How Solar Works About the Author Joy Seitz is VP of Business & Policy Development at American Solar, one of Arizona's leading solar companies who designs and installs solar electric systems and solar hot water systems. Visit us at http://www.americanpv.comfor more information about Solar Electric Systems. © 2012 American Solar Electric. All rights reserved.

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