infinite possibility

I have read great things about SolarCity and Sungevity – I believe they are the two leading solar leasing company at the time of writing.

I got estimate form both companies. They do lease very differently…

SloarCity ask you for some down payment then low monthly fee for 20 years regardless of power company you are with.

Sungevity on the other hand requires No down payment. This is probably the only way to go if you have no cache. No down payment and you can go green. Sugevity also wants “inflation rate” to be added every year. So my monthly payment will increase 2.5% every year. This isn’t too bad considering recent energy rate increase.

Both SolarCity and Sungevity will give you “Performance Guarantee” with lease option – meaning that if Solar System generates less than what they projected, they will pay you. Also maintenance is included. So going Solar not only help our planet but also save us money guaranteed!!!! At this point I just could not find any reason why we don’t want to go Solar.

Before we decide to go with this lease option I wanted to see what purchase option would be… Lease make Solar system VERY affordable but after 10/20 years, it is not yours… You end up paying about $20K and you will be given option to purchase at the end of the lease.

So I wanted to see what Purchase option might look like. I reviewed some discussion about Solar lease vs purchase. Both side has valid point. Some says lease is scam… but I don’t think so… Yes you end up paying more money than purchase option but there are many people out there who just cannot come up with cache. Though in my research, if you have cache, purchase is the definitely the way to go.

Purchase option with Sangevity and SolarCity weren’t so fascinating. I think this is because they are trying to promote lease option more than purchase option.

I got quote from American Solar Electric. After the Rebate and Federal Credit, I will end up paying something like $8500. I am going to get quote from other company and see but my mind has almost decided. I will go with purchasing option.

I was listening to NPR this morning saying that my power company lost millions of revenue due to energy efficient rebate etc… so they will increase rate again in 2012 or 2014 (can’t remember) so again, it just no brainer… having own power generator is the way to go.