For many Americans, the idea of saving money by going Solar has been just that – an idea. High initial investment and lengthy break-even periods have been a deterrent for many homeowners who would otherwise consider going Solar.
More recently, however, Solar has become more of a reality for these consumers as a result of leasing programs that weren’t available in the past. We’ve all seen the ads: “Go solar for $0 down!”
So is it worth it to pay $70 a month to lease the system, plus whatever electricity isn’t being offset by Solar? That would equal out to a normal energy bill, right? Well, it’s a bit of a gamble, but the odds are definitely in this consumer’s favor. With the increasing cost of fossil-fuel energy, electric bills are steadily on the rise. However, that $70 a month leasing model will stay the same, keeping the Solar home’s kWh cost considerably lower than the non-Solar home’s.
So is it efficient? There’s two sides to every argument, but for the savvy consumer who does the math and predictions, it very well could be.