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SolarCraft Warns Homeowners, It Pays to Own Your Solar Panels, Not Lease Them; Take Ownership of Your Solar Power, Don’t Rent It

The solar lease has made going solar possible for many Americans, but many are unaware of the long-term implications of the financial structure for homeowners and the industry. Giving up ownership means giving up a big share of the profits of going solar, and it means more expensive solar for homeowners.

Novato, CA, September 09, 2015 --( There are many high pressure solar companies out there going door-to-door, pushing a solar lease and homeowners may not fully understand what they are getting into.

A typical lease term is for 20 years. With the average home selling in 5-7 years, that means a potential buyer is buying not only a home, but a lease obligation as well.

Solar leases are scaring away homebuyers who don't understand or want the long-term obligation.

The leasing company usually requires the homebuyer to meet certain credit standards. This can limit the pool of potential buyers, or require the seller to pay off the lease before selling the home. In such instances, the solar lease is truly a liability.

You Give up a 30% Federal Tax Credit - The leasing company pockets the 30% tax credit as the owner.

You only save about 20% on your electric bill with a solar lease - If you own solar, you can eliminate your electric bill altogether!

At the end of the day, you’re paying about 4-5 times as much with a solar lease vs. purchasing your system.

The benefits of owning solar are many. For people who own rooftop power systems, solar adds value to the home - about $25,000 for the average installation in California. Also, you can earn annual returns on investment of 10-30% - depending on your location, and property characteristics plus you get free electricity for 25-40 years!

SolarCraft offers many flexible solar purchasing options, including $0 down with monthly payments less than your existing PG&E bill. They make solar ownership simple & affordable.

SolarCraft is one of the most trusted and experienced solar energy contractors in California. Since 1984, this certified Green Business has been providing high quality solar electrical, solar pool heating and solar water heating services to homeowners and businesses, employing licensed and certified solar installers. With more than 5,000 satisfied customers and over 2.5 million square feet of solar collectors installed, SolarCraft is committed to Quality Design, Quality Materials and Customer Service.
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Kim Burnett

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