Determining the Best Option When Purchasing Residential Solar Power
One of the most common reasons why some homeowners are hesitant to add solar panels to their homes is the cost of installation. Despite dramatic drops in solar equipment prices, the cost of going solar is still a considerable amount for most homeowners with the average installation in 2021 costing between $16,000 and $21,000.
But today there exist a variety of ways for homeowners to enjoy all the benefits of solar without having to cover the steep upfront costs. From financing the purchase to choosing a solar lease or power purchase agreement (PPA), homeowners who want to go solar can do so by paying a more affordable monthly payment.
In this guide, we will look at the differences between solar leasing and solar PPA, so you can have a better idea of what to expect from each when choosing the right financing option for you. more “Solar Leasing vs. Solar PPA: Which Financing Option Is Best for You?”