Solar Lease vs. Solar Loan vs. Solar PPA: Which Option is Best for You?
Автор: Public Service Solar
Загружено: 2024-08-22
Просмотров: 125
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Deciding between a solar lease, solar loan, or solar PPA? Let’s break it down so you can make the best choice for your home! 🏡
At Public Service Solar, we recommend the solar loan because it’s the only option that gives you full ownership of your system. With a solar loan, you also get access to all the incentives, like the Solar Tax Credit (ITC) and SRECs, maximizing your savings. 💵 The loan term can range from 5 to 25 years, offering flexibility based on your needs.
A solar lease is similar to renting your solar system. You’ll make monthly payments for 25 years, but be cautious of escalating rates that can increase your costs over time. 🚨
The solar PPA (Power Purchase Agreement) locks in the price you pay for electricity generated by your solar panels, but just like with a lease, watch out for escalating rates. This option also usually comes with a 25-year term.
Want to learn more? Reach out to us today to discuss which option might be right for you!
💻 https://publicservicesolar.com
📞 888-270-2884
#solarlease #solarloan #solarppa
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