Thinking About A Solar
Lease ?
We'll Maybe You Should
Be
Think Again
Because A Solar Lease
Might Just Turn Out To
Be Your Worse
Nightmare
!
Watch
This Video To Save
Thousands Before You
Sign Their Airtight
Contract.
1.
Add up your payments on
that zero down solar
lease and you'll find
that you'll be paying
up to triple the cost
for a solar system when
compared to purchasing a
solar system.
Why do the leasing
companies charge you so
much more for their
systems ? Because their
investors get a bigger
tax credit when they
charge you more for your
leased system.
2.
The zero down solar
leasing company will
take any cash rebate and
the 30% Federal tax
credit that should have
gone to you.
3.
You'll probably have
trouble selling your
home because most home
buyers will not want to
assume the lease payment
on a used solar system
that's using yesterday's
technology. Especially
since they would only be
saving a fraction on
their electric bill.
4.
Your monthly lease
payment may increase
by up to 3.9% per
year.
5.
After making 20 years
worth of lease payments,
the solar system will
still belong to the
leasing company.
6. At year 20 if
you owned your solar
system, your system
would have up to another
15 to 20 years worth of
income generating
potential. When you
lease a solar system, at
year 20, you'll have to
give your solar system
back to the leasing
company or you'll have
to buy it from them at
fair market value if you
want to keep it.
7.
And to add insult to
injury, with the weather
worsening like it is and
and power outages on the
increase, with a solar
lease you probably won't have
any backup solar power.
So when the lights go
out in your
neighborhood, even
while the Sun is shining
and even
though you've made all
those leasing payments
on all those solar
panels on your roof,
most leased solar system
are
designed to turn
themselves
off, leaving you without power for as long as
the power outage lasts.
In fact, in most
cases you won't
even be allowed to add
battery backup power to your
leased solar system's
inverter. You would have
to completely pay off 20
years worth of lease
payments, then buy your
leased solar system from
the leasing company and
then and only then would
you be allowed to add an
emergency power option
to your leased solar
system.
Here's a comment that
was recently posted on
one of the
business rating sites
concerning a solar
leasing company that
serves the Covina
area.
(The name
of the leasing company
was intentionally
deleted)
"We signed a solar lease
with xxxxx xxxx. Wish we
had done more research
(Even though we did do
some). Even though it's
0 down and low monthly
payments, we didn't
realize that our
payments will be going
up every year. At the
end of our lease our
payments will be over
$300, A MONTH. We hardly
ever paid over $300 a
month with SCE. Only
once or twice a year in
the summer. Also, we
have been contemplating
the possibility of Short
selling our house, and
are seeing that these
solar panels are going
to be a HUGE hinderance
in doing this. Even if
we wanted to do a
regular sale, with the
housing market prices
the way they were, if we
could get what we owe on
the house, we would have
to add another $50,000
to the sale price
because of the solar
panels. Bottom
line....if you can't
afford to pay for them
or finance them, DON'T
LEASE! We are really
sorry we did."
The List Goes On And
On.....
Before you sign that
airtight leasing
contract, you had better
have your attorney and
your accountant read the
fine print. When
compared to purchasing a
solar system, especially
as low as prices are
today, a solar lease
will probably turn out
to be one of the worst
investments that you'll
ever make.
NEWS !
U.S.
TREASURY DEPARTMENT TO INVESTIGATE
SEVERAL SOLAR LEASING COMPANIES.
Several
solar leasing companies received
subpoenas in July from the U.S. Treasury
Department, which is investigating
whether companies overstated the market
value of solar panel arrays they
installed when claiming the 30% federal
cash grant.
Click To Read More
DON'T GET CAUGHT IN THE SOLAR LEASE TRAP !
Know The Facts Before You
Sign Their Airtight Contract !
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