Green Stock Solar Review: Leasing vs Purchasing Solar Energy Roof Panels

Napa, CA, October 08, 2017 --(PR.com)-- Napa, CA-based Green Stock Solar’s experts explain the difference between leasing and purchasing solar energy roof panels to help homeowners gain a full understanding about all installation options.

The main difference is the ownership of the system. In a leasing agreement, the company owns the solar panels and the homeowner is obligated to buy the electricity produced by their system, and to pay higher costs as electricity rates rise. With purchase, the homeowner owns the system outright, and there is no increase in the price of the electricity the system produces.

Aside from paying the increased cost of electricity over the coming years, those who lease their equipment from the solar company can also expect a decrease in the value of their property. The reason for this decrease in value is because they will have to find someone that is willing to take over their lease when they move. This potentially limits the number of potential home buyers. In addition, solar panel system buyers are the only ones who can benefit from the 30% federal tax credit for the use of the system. Those that lease their solar system will not have access to this incentive. On top of this, lease rates will increase each year, and further increase the total cost of the solar panel installation for the homeowner. Knowing these facts can help property owners make the right decision so that they can reap the benefits and get the best long-term value.

Green Stock Solar are experts in the industry and dedicated to educating consumers about the difference between leasing and purchasing solar energy roof panels. To discover more on the advantages of purchasing residential solar power systems, contact our trusted team or visit www.greenstocksolar.com today.