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$600 Yearly Savings For Middle-Class Families Who Lease Solar Panels (Average)

In states where it’s available, solar leasing is extremely popular. Approximately 75% or so of homeowners who go solar in these states decide to go solar through a solar leasing/PPA option. The big stat of the day today is that middle-class families who go solar in this way are projected to save about $600 a year off their electricity costs. That comes to about $12,000 to $15,000 over the course of their 20- to 25-year solar lease or PPA. That’s of course practically the same as making an extra $12,000 to $15,000, but without having to pay taxes on the money.

A lot of people contend that solar leasing rather than simply buying a solar power system is a rip off, since you’re theoretically giving away some of your profits from going solar to the solar leasing company. However, there is a reason or two that such a huge percentage of people go solar through a solar leasing service when given the option.

The biggest one is probably the simple fact that a lot of people don’t like paying for things up front. The average person would rather pay more in the long run, sometimes a lot more, if they can take their time making the payment.

More cleantechnica.com

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