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Author Topic: Homeowners must weigh: Lease or buy solar panels? Back to Topics
skb69sa
Champion Author
San Antonio

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Message Posted: Jun 17, 2013 12:14:26 AM

Lease or buy? This is a financial decision people probably are most used to making about cars and houses. Now a growing number of Massachusetts homeowners are making the same call on solar panels.

Judy Jackson researched the pros and cons after deciding to install photovoltaic panels on her Framingham home, carefully weighing which option made the most sense in her budget along with mortgage payments, a son in college and another still at home.

After her homework, she said the decision was a no-brainer: She and her husband purchased the two dozen panels now on their roof.

"I realized that in six years, we could generate a profit from them," said Jackson, who lives on Patony Road. "There was just no comparison."

Solar installers and industry representatives say the right decision is no
Visit Metro West Daily News for full article
REPLIES (newest first) Post a Reply
tstoney
Champion Author Ogden

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Message Posted: May 4, 2014 11:36:39 AM

Cost and technology have both gone the right direction, but I don't think we're there yet
honda0105
Champion Author Tallahassee

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Message Posted: Jun 22, 2013 8:35:09 AM

solar is a way to go, esp. in sunnier regions.
LeftLane1
Champion Author Georgia

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Message Posted: Jun 18, 2013 1:53:31 PM

How much outlay verses return? ---already 6+ years
1OILMAN
Champion Author Alabama

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Message Posted: Jun 18, 2013 1:08:21 PM

Lease, buy or tell them to go away. I will take door number 3.
frankfdavis
Champion Author Los Angeles

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Message Posted: Jun 18, 2013 9:38:26 AM

I've heard there is a 6-8 year pay back.
drpepperTX
Champion Author Texas

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Message Posted: Jun 18, 2013 9:25:34 AM

Aviator Rob says "Please tell us what you consider an acceptable return on investment, @abcdMA. Six years seems to be very reasonable. Many small business owners would kill to recoup their investment money in as little as six years."
===============================
As a business owner myself there's no way a 6 year ROI is acceptable.

As with any financial summary measures, payback period should never be used alone, a business must include the value of returns, not only the time to returns. To measure of risk and speed to reward, ROI does serve as one of the better early indicators as to the speed of potential rewards an endeavor can perform.

In today's business environment, payback measurement on projects is a requirement, and fast payback is essential to success, a good ROI is generally considered as 12 months or less from the start of a business endeavor..
bby
Champion Author Twin Cities

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Message Posted: Jun 18, 2013 5:51:21 AM

Intetrsting
tomok
Champion Author Portland

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Message Posted: Jun 18, 2013 2:35:11 AM

Homeowners must weigh: Lease or buy solar panels? The farther south you live, usually the better for solar panel electrical production. The longer you live in your house, the better it is to buy a system. But, six years to zero cost?
Costco has solar panels systems available and some are quite large.
Or do like my neighbor did and have Solar City put in a grid tied system, the installer gets the solar tax credits, maintains the system and the land/building owner gets cheaper electricity.
NO battery/ies needed, the electrical grid is the battery! His outbuilding has a south facing roof, ideal for solar panel collection. My house has an east/west roof with minimal south facing roofs and nearby large trees, not so good.
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
CiVX
Champion Author Oakland

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Message Posted: Jun 18, 2013 12:27:25 AM

If you don't have the money lease them or if you got great credit finance and if you got the cash buy. They will pay for them selves.
craigsf38
Champion Author Rochester

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Message Posted: Jun 18, 2013 12:22:54 AM

Not in my future
PrinceLH
Champion Author Ontario

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Message Posted: Jun 18, 2013 12:22:30 AM

Buy them!
Vette1967
Champion Author Albany

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Message Posted: Jun 18, 2013 12:22:30 AM

A profit relized in 3 years would get more attention.
crreed1
Champion Author West Virginia

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Message Posted: Jun 18, 2013 12:21:29 AM

they will have to replace them by then
boatfloyd
Champion Author Jacksonville

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Message Posted: Jun 18, 2013 12:18:19 AM

Good Luck with the panels.
flyfast
Champion Author Kansas City

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Message Posted: Jun 18, 2013 12:15:46 AM

will they still be working then
KrsnaDragon
Champion Author Montreal

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Message Posted: Jun 18, 2013 12:15:41 AM

This news doesn't affect my life.
bill294
Champion Author Chicago

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Message Posted: Jun 18, 2013 12:13:26 AM

Don't see it
jrschl
Champion Author Louisville

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Message Posted: Jun 18, 2013 12:12:01 AM

I wish. I don't see this in my near future.
VaPider
Veteran Author Richmond

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Message Posted: Jun 18, 2013 12:11:36 AM

Good way to increase home value
oldred11
Champion Author Indianapolis

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Message Posted: Jun 18, 2013 12:11:32 AM

Yesterday's news. . .
alaric76
Champion Author New Jersey

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Message Posted: Jun 18, 2013 12:11:21 AM

red_green17, that's an interesting way of getting your tax dollars to work!
obimerrill
Champion Author Cincinnati

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Message Posted: Jun 18, 2013 12:10:56 AM

Or not buy at all!
jkpsr
Champion Author New Jersey

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Message Posted: Jun 18, 2013 12:09:56 AM

At today's prices buying is a good decision.
FocusFree
Champion Author Ottawa

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Message Posted: Jun 18, 2013 12:09:50 AM

Totally agree with red_green17, except I would make the point clear by substituting taxpayer for government in the first sentence; because we should all know that governments do not have ANY money except what they get from us!
To everyone else; resist green energy calls else it will cost you.
gta_guy
Champion Author Toronto

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Message Posted: Jun 18, 2013 12:09:42 AM

Yeah, that would depend on where you are located and what the energy costs are
Ray_10589
Champion Author New York

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Message Posted: Jun 18, 2013 12:09:31 AM

repeat ....
granitestater
Champion Author New Hampshire

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Message Posted: Jun 18, 2013 12:09:07 AM

How about neither?
Marson
Champion Author Scranton

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Message Posted: Jun 18, 2013 12:08:31 AM

Wow, 80 cents a kwh, i'll be right up to set up my money factory!
Zonk
Champion Author Michigan

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Message Posted: Jun 18, 2013 12:07:23 AM

A friend in AR installed a solar system that has paid for itself.
red_green17
Champion Author Ottawa

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Message Posted: Jun 18, 2013 12:05:29 AM

Well if they are from Ontario, they'd have the no brainer option of buying the panels and selling back to the government for .80 cents per kw/hr. The government of course as you all know sells power to citizens at 8 cents per kw/hr. And some people are crafty enough to place thier panels in barns or large sheds and have flood lights shining on them all the time. The Result? Buying power at 8 cents per kw/hr and selling that power right back for 80 cents per kw/hr. Not calling solar a scam, but the governments are certainly treating it that way.

BTW - subsidizing the green energy market is a great way to bankrupt your local government - ask Ontarians how much they enjoy being the most indebted municipality in North America (per capita). Better yet, ask Spain or Greece how well it's working out for them.
heartbroken2010
Champion Author Ottawa

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Message Posted: Jun 18, 2013 12:05:09 AM

Undecided.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Jun 18, 2013 12:05:03 AM

I say "buy".
imadriver
All-Star Author Twin Cities

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Message Posted: Jun 18, 2013 12:04:33 AM

As the technology improves and prices come down, I can see solar panels becoming a standard consideration in new construction, especially for public buildings.
rahcat
Champion Author Grand Rapids

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Message Posted: Jun 18, 2013 12:04:31 AM

Old News
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Jun 18, 2013 12:04:19 AM

Buy
BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Jun 18, 2013 12:02:46 AM


"Nobody really knows what’s going to happen down the road."
WIWalt
Champion Author Wisconsin

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Message Posted: Jun 18, 2013 12:02:10 AM

I wonder how these panels weather a heavy hailstorm could ruin your investment & if you need to insure them that would reduce you savings factor
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Jun 18, 2013 12:02:07 AM

Just don't subsidize it
Methodist
Champion Author Indiana

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Message Posted: Jun 18, 2013 12:00:57 AM

k
91Hilux
Champion Author New Haven

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Message Posted: Jun 17, 2013 11:59:55 PM

Just buy them and get it over with.
RevDrCBJ
Veteran Author Ann Arbor

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Message Posted: Jun 17, 2013 11:59:40 PM

Lease?
SHEP20715
Champion Author Maryland

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Message Posted: Jun 17, 2013 11:57:26 PM

It should be fairly easy to decide
vibdata
Champion Author Massachusetts

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Message Posted: Jun 17, 2013 11:57:23 PM

Well, I'd rather not weigh them. Much better to lease or buy them.

Etc.
Buddy2264
Champion Author Tampa

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Message Posted: Jun 17, 2013 11:56:17 PM

Have to read more on this.
DrLyon
Champion Author Michigan

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Message Posted: Jun 17, 2013 11:55:42 PM

Thee question..
tidalwave3
Champion Author Tallahassee

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Message Posted: Jun 17, 2013 11:55:12 PM

Not true... Most outputs are are over stated :(
treeguy
Veteran Author Wisconsin

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Message Posted: Jun 17, 2013 11:54:18 PM

Way too many people, many of whom post on this forum, are conditioned by Fox News, et. al., to think that solar power CAN'T work. What part of "zero fuel cost" do they not understand?

[Edited by: treeguy at 6/17/2013 11:55:11 PM EST]
TedNC
Champion Author North Carolina

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Message Posted: Jun 17, 2013 11:51:48 PM

Too expensive
Romey08
Champion Author Virginia

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Message Posted: Jun 17, 2013 11:51:11 PM

Probably like a car purchase or lease. If you plan to live in your home more than 5 yrs, better to buy.
Marson
Champion Author Scranton

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Message Posted: Jun 17, 2013 11:48:38 PM

Remember the cost of panels is coming down every year.
brprven
Champion Author Dallas

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Message Posted: Jun 17, 2013 11:47:27 PM

I would buy
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