Submitted by Early-Consequence-61 t3_11mro32 in newjersey
sloth514 t1_jbl8byj wrote
Reply to comment by [deleted] in How’s solar power doing in NJ? by Early-Consequence-61
Honestly, it depends on the person's situation. I know one coworker who leased/rented and has done well with it. If you don't have the capital it does make financial sense depending on the deal. The issue is when u rent or lease, u don't get the federal tax credit. The company does. But I have heard horror stories when the person dies and the lease gets transfered or during selling the house.
Also, I know some leases will also include repairs past the warranty and solar panel upgrades.
[deleted] t1_jbmb43m wrote
[deleted]
jim13101713 t1_jbpn2yi wrote
Many solar companies will install and provide a loan with 0% down for full cost of panels and not start billing until you get approval to connect to grid - I got a 2% interest rate in mid-2022.
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