How do solar leases work?
An example of an AI chatbot conversation about how solar leases function and their benefits.
Can you explain how solar leases work?
Sure! A solar lease allows you to use solar panels installed on your property without purchasing them. You pay a monthly fee to the solar company for the use of the panels.
What are the benefits of choosing a solar lease over buying?
The main benefits include lower upfront costs, no maintenance responsibilities, and the ability to enjoy solar energy savings without the high initial investment.
Are there any downsides to solar leases?
Yes, some downsides include not owning the system, which means you won't receive tax credits or incentives, and potential increases in lease payments over time.
How long do solar leases typically last?
Solar leases usually last between 20 to 25 years, aligning with the lifespan of the solar panels.
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