Buy vs Lease Solar Panels: Which Solar Financing Option is Better?

Choosing between buying and leasing solar panels depends on individual circumstances. Buying offers long-term savings, as you own the system and benefit from federal tax credits and incentives. It requires a higher upfront investment but pays off in the long run. On the other hand, leasing provides a lower initial cost, making solar energy accessible without a substantial upfront payment. However, leasing means forfeiting tax credits and may involve long-term contracts with fixed monthly payments. Consider your financial situation, long-term goals, and desire for ownership when deciding between buying and leasing solar panels for a sustainable and cost-effective energy solution.

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