Solar Electric Systems - What You Need to Know about Leasing

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Solar Electric Systems
What You Need to Know About Leasing
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Solar Electric Systems

• What you need to know about leasing
• How it works
• What it costs
• How to reap the advantages
• An experienced solar contractor can help you
  through the process.

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Solar Electric Systems

• More Homeowners Favor Leasing
• Preferred method for purchasing solar
• Two options for leasing solar
• Low, upfront lease
• Prepaid lease
• 44 of solar installs in March 2011 were owned by
  a third party company.
• By February 2012, that number increased to 75
  and is expected to rise in the future.

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Solar Electric Systems

• How Leasing Works
• Solar contractor partners with financial company
  to provide leasing services
• Contractor designs customer system and installs
  it
• Leasing company purchases system and leases it to
  homeowner
• Maintenance is included

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Solar Electric Systems

• How Leasing Works
• Low, upfront lease offers benefits of solar with
  little or no upfront costs
• On low, fixed monthly payment
• Locks in electricity rates for length of the
  agreement, typically 20 years
• Pre-paid lease pays more upfront but has higher
  utility savings over the life of the agreement

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Solar Electric Systems

• Leasing Advantages
• Affordability you dont have to come up with a
  large payment for a solar installation.
• Flexibility typically, a leasing company will
  offer different investment options like a low
  upfront or pre-paid option.
• Consistency because your monthly payments are
  fixed with the low upfront lease, youll know
  exactly what your electricity is going to cost
  you for the next 20 years.

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Solar Electric Systems

• Leasing Advantages
• Savings The fixed monthly cost for solar power
  will be less than your traditional utility bill.
• Maintenance-Free Since the leasing company will
  own the solar electric systems, they will manage
  installation and monitoring.
• Eco-Friendly In addition to locking-in your
  electricity rates, youll be using clean energy.

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Solar Electric Systems

• Leasing not only makes great financial sense, but
  it will help you do your part in protecting the
  environment.

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How Solar Works

• About the Author
• Joy Seitz is VP of Business Policy Development
  at American Solar, one of Arizona's leading solar
  companies who designs and installs solar electric
  systems and solar hot water systems.
• Visit us at http//www.americanpv.com for more
  information about Solar Electric Systems.