Have you considered residential solar panels for your home? If you’re like most homeowners, you are probably put off by the relatively high retail cost of solar panels.
Now, however, you can get residential solar panels for free!
Don’t believe me? Just go into your local big box home improvement retailer. Increasingly, stores like Home Depot, Lowes and Costco are offering solar installers space for a booth. When shoppers pass by, they can get expert information about solar panels and the potential of entering into a solar lease agreement whereby the homeowner merely purchases the solar electricity generated by panels, rather than the panels themselves.
Companies that offer the prospect of solar panels for free, such as SolarCity, Sungevity and SunRun, are thriving in the current economy.
According to a New York Times article, experts predict that solar leases may one day be bundled and sold as securities like mortgages and other loans.
While homeowners can still purchase solar panels outright and enjoy the benefits of tax incentives and rebates, more and more people are choosing to go the solar leasing route. In California, more than 70% of residential solar panel installations are pursuant to a lease agreement.
To learn more about leasing solar panels, click here.