Posts Tagged: solar lease programs

Why Businesses Are Going Solar With Lease Options

Converting To Solar Energy With A Solar Lease

solar energy

Many eco-friendly businesses are converting over to solar energy and the benefits it has on the environment are huge. This transition will revolutionize how we utilize natural energy sources to generate power for our local grids. The application is the same across the board, but the politics differ from state to state. The states that really take advantage of solar energy are obviously the ones that have businesses is states that receive a lot of sunshine. Florida, Southern California, Arizona, and Texas are all leaders in the Solar energy movement. Solar panels are being installed on buildings, parking garages, bus stops, and any other piece of commercial real estate that will facilitate the installation of rooftop solar panels. Areas where rooftop installation isn’t possible, solar grids can be installed. Solar grids can be built in large open areas of land where industrial or commercial structures don’t exist. Going solar helps reduce the carbon footprint on the environment and can ease the load of local energy providers during summer months when air conditioning units are running all day long. Converting to solar is a fairly simple process, finding a solar leasing company to facilitate the lease purchase and installation of the solar panels is going to be the first step in going solar.

Solar Installation

After the paperwork is done and the lease is approved, the installation process can take 3-6 weeks. Panels need to be ordered, and inventory needs to be made of the components that will be necessary for installation. Rooftop installations are the most common and businesses with flat rooftops can take advantage of the real estate to build out complete solar grids. The amount of solar panels that a business needs is dependent on energy use. You will also want to make sure you are having quality solar panels installed, cheap panels made in China don’t quite last as long and therefore leave you in need of repair or replacement sooner than later. Having a solar lease specialist to walk you through an energy audit to determine how many panels you need will allow you to get exactly what you need and nothing more. Solar is often over sold since many solar specialists don’t take the time to truly evaluate the energy needs of a business. Having more panels than you need isn’t a bad thing, it means you are generating more power and if your local power company offers incentives or rebates then it can be even better for you. The issue becomes the lease payment, the more solar panels you have the greater your lease payment is going to be. Make sure you have an energy audit to truly assess your energy needs, talk with your solar specialist, understand what you are getting into, and then proceed with going solar.

Lifetime Value

how long to solar panels last

Solar panels can have a 20 year life expectancy before needing to be replaced. You will definitely get a ROI with your panels in the first 10 years. Most leasing companies want to renew the lease and usually continue to cover repair and replacement costs if you are still paying them. However, if you opt out of your lease you can avoid those hefty monthly payments after the lease expires and save that money for future repairs. The money saved on energy is one value proposition, the other is the benefit solar has on the environment. Together if more residential and commercial properties go Solar, we can help reduce unnecessary wear and tear on the earth. The value of solar lasts a lifetime, and the lifetime of the generations that will come after us.

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