Buying Vs. Leasing Solar Panels

Solar Surge will teach you all about being energy independent and how to set up your home to run off-the-grid during an emergency. We empower families to take control of their energy generation and storage so that they will never be left in the dark without electricity.

In this video, Joe discusses the best route to go when purchasing your solar panels. Should you buy or lease?

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[PeaceChanel]

Thank You for All that you are doing for our Planet Earth.... Peace.. Shalom.. Salam.. Namaste 🙏🏻 😊 🌈 ✌ ☮ ❤

[johnanderson]

Great information, I leased and there is an option to ‘cash it’ out. I also have Enphase batteries, however with the SGIP program here in California I got a rebate of about 90% on the cost of the battery install so it is all worth it overall. Side note, I was surprised to learn recently that solar panels don’t work during an outage if you don’t have batteries! Thanks for your videos, all very informative.

[mrvictordv]

Leases have their place typically with clients on fixed income/low income, in their forever home, want savings, no tax liability, and then only if I can offset 80-100% offset and if they move and new homeowner does not want to assume the lease then a prepaid makes sense and add it to the resale of the home. The new homeowner now has no lease payments or electric bill and still has all warranties from the leasing company.

[alecanderus]

It should be made clear that Leasing companies hyper-inflate the valuation of their solar systems so they can make the tax credit bigger for themselves. The problem with this is that when someone goes to sell their home, the buyer usually demands the system be paid off because of how expensive the lease payments are. When the seller has to buy out the system, it can be as much as twice the net cost of the system had they paid cash for it, and they had paying on it for years…

[gamerzieg]

Good information for people. The company I work for does in house financing so we offer a low apr of 2.99% right now. I don’t do ppas at all they are garbage for customers. When I have to do a lease I set the escalator to 0 so the customer have the same payment over 25 years. We also do battery retrofits to existing systems. Only Tesla Powerwalls though.

[af]

I learned something new about the least vs cash debate. Thank you.
I’m very happy with my 10kw REC Alpha+Enphase rooftop system.

[RP-lefp]

Being a Veteran with a VA Guaranteed Loan on your home makes the solar system lease much more practical. At least the bank will not see a lien on the property from a solar system loan and foreclose on your house. Also if you income happens to be VA disability, that tax write off buying a system would give you won't be useful to you as you income is tax free. So leasing a solar system with no money in and the company maintaining the system works for me.

[RICARDO]

What do you do with the equipment in a house where the owner doesn't want to pay?

[Saltykitchen]

Hi guys
I recently bought a house with 28 solar panels. right now the solars are disconnected because the hose was for sell. Previous owner paid off the solars and they said” I should call the solar company to they send somebody to reconnect the solars” I called to the company and they said the solar is paid in full and we need to run your credit now, I asked why ? They said because we should make sure you are eligible or no 🤯 I denied to they run my credit because the solars are paid off and ask them to send somebody to reconnect solars but they didn’t .
What should I do guys help me

[cyrusa]

do you install in San Diego? who do you install with or for?

[jesscornejo-md]

I have a leased system 6 years into it. I purchased the home with the system in california. We are debating to outright purchase it we have that option in the contract. Does it make sense to do that? I know we will be completely responsible for any repairs or maintenance. Just wanted to get your thoughts. Thanks

[MerkDolf]

How much do you get for renting the space to the solar system owner?

[SteveP-vmuc]

A few months ago, I had heard that the federal government was working on a program for those of us who are handicapped or retired to be able to save money going solar. Something equal to the tax incentive given to those still able to work. Do you know if this has happened or if it is in the works??

[winphe]

4.78 kw system with 12 panels, inverter and 1 Tesla power will with 50k loan is high?

[CorePathway]

Which type of system is the most profitable for the sales organization?

[DominikKolano]

I leased my solar system from momentum 4 years ago, now my roof is leaking and I need to have to panels removed and reinstalled, do you think momentum solar will remove and reinstall free of charge or I would have to pay for it?

[michaelferketic]

I really enjoy your content. You're info reminds me of my mentor in solar, Matt Stoutenburg in Tustin with Peak Power Solutions. You have the same mindset. Is your background as a tradesman as well?

[PixelatedTravelR]

A disabled veteran at 100% disabled won’t be taxed.

[mattbibeault]

There is a provision in the new IRA law that allows customers with no tax liability to sell the Investment Tax Credit

[bobconaway]

I didn't get much from this. I think a side-by-side comparison of costs, both monthly and over the long term would be much more helpful. Also, you kind-of glossed over the issue of selling the home with a leased system installed. If the prespective home buyer really doesn't want to assume the system's lease, then what happens? I've heard of a few instances of this and some of the scenarios can be ugly. Finally, I firmly believe a home solar system without batteries for back-up is crippled at the outset. And here in Arizona that means a battery bank that can also support the operation of air conditioning when commercial power is out, which is a hefty load.