While the majority of people appreciate the importance of using solar energy, many are hesitant to install solar panels because of the initial installation costs. If you are in this category, you certainly have not done your math as installing solar has both short term and long term benefits. In fact, if you considered all the facts, you’ll discover that you are losing a lot when you fail to use to harness the power of the sun.
No down payment if you can’t afford it
Most homeowners who appreciate the importance of solar power but can’t afford to install it in their homes opt for an arrangement known as “pay-as-you-go”. This is basically a leasing arrangement and the provider of the solar panels owns the equipment and is also responsible for its installation and maintenance. With this arrangement, you pay for the electricity you consume each month. If you can raise part of the down payment, the amount you pay each month will be considerably reduced.
Whether you can afford to purchase the panels or opt for the pay-as-you-go arrangement, you’ll be paying much less than you’d be paying the utility companies.