Solar panels help thousands of homeowners save money on electricity every year. But that doesn’t mean that it will automatically work for you — after all, no home is quite like yours! So it’s reasonable to wonder: would solar work for my home?
It’s a good question. Solar may be a great idea, but it’s not truly a one-size-fits-all answer. For homes in heavily wooded areas, with unusually low electricity demand, or with unconventional rooftops, solar might not make sense economically. So what about your home? How can you know for sure that solar will help you save money before you start installing panels?
Is Solar Right for My Home? Start with a Pre-Feasibility Analysis
Don’t let yourself get carried away by the “what-ifs”! Our team is here to help you find easy, reliable answers before you invest in a solar system. It all starts with the free pre-feasibility analysis.
First, we analyze your historical energy usage. Then we estimate what your total energy production would be if a solar system was installed in your home. This is an advanced estimate based on all relevant factors, including your roof’s layout and average sun exposure over the course of a year. Based on the results, we can calculate with high accuracy how much you could save if you decide to install solar panels.
Why is this calculation so important? We want to make sure our solar program is a mutually good fit — we’re not going to install solar panels if you won’t benefit from them. If we calculate that your solar savings would be less than the cost of installing solar panels, we won’t sell it to you. Simply put, if it doesn’t work for you, it doesn’t work for us.
If, however, our analysis shows that solar would be a good fit for your home, we are ready to offer you a long-term solar lease with no minimum credit score or minimum income requirements. The lease includes a fixed monthly rate with installation, maintenance, and efficiency improvements included. We will even give you a written guarantee of how much you will save in the first year. Why? Because if it works for you, it works for us.
Should You Lease or Buy Solar Panels?
Once you’ve determined whether solar is a good fit, you may still have questions. We can help you find the right answer for you.
So, should you lease or buy solar panels?
We hear this question a lot, but it doesn’t have a generic answer. While both options could help you save money on energy, the decision really comes down to finding the best fit for your home and your budget.
Purchasing Solar Panels
Much of this decision comes down to cost. To purchase a solar system, you will need to pay the full price upfront. However, it’s important to keep in mind that even with the help of federal and state incentives, it may take several years to break even and start seeing actual savings from your solar panels. If you have substantial savings and are okay with waiting for your investment to pay off, purchasing a solar system may be the right choice for you.
Leasing solar panels
Leasing a solar system, on the other hand, requires no upfront cost. With a PosiGen solar lease, you won’t need to spend anything before you start seeing savings. Okay, but where does cost come into the equation?
Your solar system will not only offset a portion of your electricity bill (reducing your monthly utility costs), but you will also lock in the electricity rate for solar: no price increases for 20 years. On top of that, installation, monitoring, and system maintenance are all included in your low fixed monthly lease payments, which means you never have to worry about repairs or insurance.
What if technology changes?
Sometimes, people want to wait to invest in solar to see if technology gets any better. It’s a reasonable thought; our technology is always changing, but that doesn’t mean you’ll see greater savings if you wait. If solar technology does improve in the future, the result would be more kilowatts within the same size panel — not necessarily greater savings. You would only be in a position to save more if your consumption increased dramatically. For this reason, every month spent waiting for the big technological leap (that probably won’t happen) is a wasted opportunity when you could be saving money now.
The PosiGen solar lease program comes with a written Savings Guarantee and Equipment Performance guarantee. To make sure your savings are as high or higher than promised, we also offer free energy efficiency upgrades. Even small adjustments to your home can save you between 5% and 30% on your monthly electricity bill.
Find Out What Works For You
Purchased or leased, solar can be a great way to save money. Which option you choose should depend on your priorities. The best thing you can do to make an informed decision is to do the research.
- Are there any solar homeowners in your neighborhood? Talk to them.
- Read reviews about solar experiences online.
- Talk to solar experts and consider all recommendations.
The PosiGen team is here to help. Reach out to us for a free consultation. We’ll be happy to explain in detail how a solar system could work for your home. We are even ready to offer you a free pre-feasibility study and give you a detailed estimate of your potential savings. The analysis is completely free and requires no upfront commitment; you have nothing to lose and plenty to gain. Let’s get started.
