It’s obvious that whether you buy or lease a Fresno home solar system, you’ll save money on your utility bills. At first glance, leasing looks enticing. But the savings you’ll get on your utility bills will disappear into interest rate payments. Think of leasing as another enormous credit card balance to ruin your credit score.
The real savings in purchasing your solar heating system is realized in your home equity. A purchased system pays for itself in equity with a 4.5-7 year payback. Leased systems offer no payback at all. If you put your home on the market when you own solar in Fresno, the value of your home increases by some $25,000 (according to the Lawrence Berkeley National Laboratory).
Now let’s look at the scenario of leasing home solar system. It’s a gamble. How do you know whether your utility bill savings will exceed your interest payments?
And then when you decide to sell your home, your leased system is not considered an asset—It is deemed personal property and not part of the home. This means that you’ll need to surmount the stumbling block of transferring your lease payments over to the new homeowner. What homebuyer would want to take over those hefty payments and interest rates? Research indicates that selling a leased solar system with a home deters homebuyers. You’ll be stuck with one huge “balloon payment” to pay off the lease just to sell your home!
Avoid huge interest payments and increase the equity in your home when you buy your own customized Fresno home solar electric system. It is affordable. When you own your solar energy system, you qualify for valuable rebates that include a 30% Federal tax credit.
Receive flexible financing from Sol-Tek Industries, Inc., the experienced Central Valley solar company accredited by the Better Business Bureau (BBB) and a member of the California Solar Energy Industries Association (CALSEIA). Choose between a fixed rate equity mortgage, an EECU Energy Efficiency Loan, a home equity line of credit, or the popular HERO program to buy your system (Sol-Tek Solar is a qualified contractor tor the program). Select your repayment terms of between 1 sand 10 years. Ask about our new “SunGage” financing, with terms that go up to 20 years!
We’re happy to provide you with a free quote for a customized system, and always work to find the best bargain to suit your needs. For more information, read about how to save electricity with solar energy. Then request your complimentary evaluation or simply call (559) 325-6907. Take advantage of the big benefits of home solar energy by purchasing your system.
