Have you ever come across ads offering you “free” solar panels? Those services are usually referring to a solar lease. At its core, a solar lease allows homeowners to install a solar system at zero upfront cost. When you sign up for a solar lease in Danbury, you do not have to pay any down payment or pay off a loan. The company will install a solar power system in your house, and in exchange, they will charge you a small monthly fee.
Is Solar Lease Worth It in Danbury?
Yes, many reasons that make solar leases the right choice for some homeowners in Danbury. Let’s explore them.
- Zero Upfront Cost
When you sign a solar lease in Danbury, you are not paying for the equipment, which can run into thousands of dollars. You pay a small, reasonable fee to get all the benefits of solar power without bearing equipment or installation costs.
- Pay For Power Production
Under the solar lease, you are using the solar system’s electricity and paying for the produced power only, not the system itself. You can get your solar lease company to freeze the rate at which your monthly power bill is calculated for several years, which protects you from rising utility power prices.
- No Cost of Maintenance
When homeowners get new solar power systems installed at their homes, the cost includes maintenance of the system as well. However, Danbury homeowners can completely get out of the maintenance cycle with a solar lease. Since they are essentially renting, all they have to do is pay for the power they consume. All the maintenance issues are handled by the company extending the service to them.
Benefits of Solar Power At a Lower Cost
A solar lease essentially allows Danbury homeowners to use an eco-friendly energy source even when their pockets do not allow them to buy a solar power installation. It benefits the environment and the homeowners—an absolute win-win situation.
However, there’s a caveat. Since you are not the owner of the solar system in a lease agreement, you don’t get to enjoy government incentives like federal tax credits, net metering, etc. Still, solar leases are a financially savvy way to enjoy the benefits of solar without an upfront investment.
