Lease or buy?

Learn before you lease

BUYING

LEASING

You own the solar panels, so you pay for installation.
But you don’t have to make a big up-front payment with the zero-down bank financing we offer.
The leasing company doesn’t charge up front for installing the solar panels, because they own them. (The cost of buying and installing the panels, plus interest on both and profit margin, are all built into 20 years of monthly lease payments.)
30% federal tax credit lowers your cost by $8,000 to $12,000 on the average.
The leasing company pockets the tax credit. You don’t.
Depending on the size of your system, you cut your electric bills by 25 to 90 percent.
You save very, very little, because the leasing company charges you a fixed monthly fee for electricity its solar array generates. That’s In addition to what you pay the electric utility.
You pay less income tax, because interest on your solar financing is deductible.
Interest is built into the leasing fee, but you can’t deduct it.
In Maryland, you qualify for a $1,000 Residential Clean Energy Grant. You may also qualify for local credits and grants.
All grant money goes to the leasing company.
Maryland homeowners also earn Solar Renewable Energy Credits you can redeem for cash for every kilowatt of power you automatically sell back to the power company. These are currently worth more than $100 per SREC
The leasing company cashes in on all the solar credits. You don’t.
Your solar system pays for itself in less than 10 years. From then on, it generates not only electricity, but cash for you.
You make payments every month for the next 20 years. And with annual escalators built into the lease, those payments will go up a few percentage points each year.
For people who own rooftop power systems, solar adds value to the home – about $25,000 for the average installation in California, according to a study in December by the Lawrence Berkeley National Laboratory, funded by the US Department of Energy’s SunShot Initiative.”
– Bloomberg News
Some would-be buyers balk when they learn they’ll need to qualify on credit to take over your solar lease payments for the next 15 to 17 years. Others say they like the house but won’t sign a contract unless you buy out the remaining lease payment stream – $15,000 or $20,000 or more…”
– Los Angeles Times
Milestone Solar is a local company with a permanent staff of technicians, so if there’s ever a problem with your solar system we can fix it right away.
National leasing companies, based hundreds of miles away, employ local installation contractors only temporarily, so they’re ill-equipped to service their systems.