Over the last couple of years, there has been much hype about solar leasing offered by many of the national big-box out-of-state solar corporations, however, there can be undisclosed pitfalls that you need to be aware of:
- A lease is a 10-year contract, if you sell your home before the contract term ends, you could be hit with tens of thousands of dollars in termination fees.
You do not own the solar energy system and cannot choose to have Made-In-USA equipment. The cheapest overseas equipment is used with no consideration to environmental regulations, living wages or equipment lifespan beyond the 10-year contract term.
You forfeit all Federal and State incentives.
- Zero percent of system installation supports the State’s economy and the local solar industry.