What are the risks of solar leasing?
An example of an AI chatbot conversation about the risks associated with solar leasing.
What are the risks of solar leasing?
Solar leasing can have several risks, including long-term financial commitments, potential increases in costs, and limited control over the system.
Can you explain the financial commitments involved?
Sure! When you lease solar panels, you typically sign a contract for 20-25 years, committing to monthly payments regardless of energy savings.
What happens if I want to sell my house?
If you sell your house, the lease may need to be transferred to the new owner, which could complicate the sale process.
Are there any hidden fees I should be aware of?
Yes, some leases may include hidden fees such as maintenance costs, early termination fees, or escalators that increase your payments over time.
Is solar leasing a good option for everyone?
Not necessarily. It depends on your financial situation, energy needs, and how long you plan to stay in your home.
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