More than 600,000 homes in the U.S. have solar panels today — up dramatically from just a few years ago, according to the Solar Energy Industries Association. Leasing programs that require little or no money up-front have played a key role in that growth.
But here’s a question for homeowners: Is it better to lease or buy?
In Maplewood, in northern New Jersey, two next-door neighbors with similar houses arrived at different answers. Elizabeth Ebinger bought her panels — while Tim Roebuck signed a 20-year lease.
Ebinger says she enjoys the nitty-gritty of owning solar panels, from figuring out her eligibility for government incentives to crunching the numbers. “I have to confess that I do maintain a spreadsheet that analyzes the details of our expenses and our payback,” Ebinger says.
The Editorial Team at SolarFeeds is made up of knowledgeable solar industry insiders and experts who have a passion to share valuable, helpful and educational information. Aiming at becoming the best place to learn solar, the publication partners with industry thought leaders, journalists and influencers. Email us tips and insights at operations [at] SolarFeeds. com