Explain the Different Variables in a Lease

Deposit: It might be only $1,000 or $2,000 but it does make a notable difference in the monthly payment.

Payment: The amount of the monthly check you'll be writing to the lease company.

Duration: A shorter lease duration will require higher payments than a longer lease. Most solar leases are 20 years.

Escalator:  To escalate is to climb; an escalator allows the lease payment to increase every year. That makes sense, since everything increases in price over time – including electricity – and it’s a lot easier for the leasing company to offer you savings now, if they can gently increase the lease payment every year. But escalators are risky, since salespeople sometimes misrepresent the truth about what a proper escalator is.

next page: The Escalator Trap

Should I Lease a Solar Panel System?
 
Who Should I Lease From?
 
Are Some Leasing Companies Better than Others?
 
Leasing versus Buying
 
How Much Can I Save if I Lease Solar?
 
Explain the Different Variables in a Lease
 
The Escalator Trap
 
Can I Sell my House, if I have a Solar Lease?
 
So... Should I Get Solar, Using a Lease?
 
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Quiz: Can you explain this solar lease promotion?
 
Understanding a Solar Proposal
 
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Assorted Lease Companies' Web Pages:
 
- BrightGrid
 
- Solar City
 
- Solar Universe
 
- SunCap Financial
 
- Sungevity
 
- SunPower
 
- SunRun
 
- Vivint Solar
 
 

2014 by Bill Fridl. All rights reserved.
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