Buyer Solar vs. Leasing it: What should you do if you want to maximize the value of your home?
I am amazed still at how much we see people leasing solar.
If you have a solar lease right now, don't worry because you are not alone. We come across homeowners that choose this option all of the time because they just didn't know...
Here's why I encourage you to purchase solar instead of leasing it whenever possible:
The payment on a lease is typically the same as financing the purchase payment. I understand that not everybody can purchase the solar upfront with cash, but the financing on solar versus a lease payment can pretty much be the exact same thing.
You receive tax credits when you purchase.
It makes it easier to sell the home. When you go to sell the home, you’re not asking your buyer to qualify for the mortgage payment AND a separate lease payment.
Reputable solar companies offer excellent warranty programs. One of the main reasons people opt for leasing, is because the solar leasing agent convinced them it was way more convenient not to own it because then they are responsible for the maintenance and blah blah... DO NOT GO THERE. Purchase solar from a reputable company with a warranty program.
So when you’re faced with the option of purchasing versus leasing solar, make sure you buy.
I’m Dan Beer with the Beer Home Team at eXp Realty and these are the kinds of things that we'd like to expose to homeowners. We'd like to expose the truth…
In fact, that's why I wrote the book, Real Estate Exposed, which was reviewed by New York Times bestselling author, Harv Eker. If you'd like a copy of the book, just go to www.REExposedBook.com and reserve your free copy.