sranga
Member
Hi Guys
I am considering installing a Solar System and wanted to find out your thoughts on the PrePaid lease vs outright purchase of the system. The PrePaid lease sounds too good to be true. With the lease option all of the vendors provide a "service" that includes monitoring, insurance, inverter replacement at no extra cost over the lease term.
For instance, here is one of the quotes:
PrePaid lease: $5K (one time upfront payment and no financial liability till the end of the 20-year lease)
Purchase: $14K
If I am in a position to go for either option, which one should I choose? Appreciate your inputs.
- Ranga
I am considering installing a Solar System and wanted to find out your thoughts on the PrePaid lease vs outright purchase of the system. The PrePaid lease sounds too good to be true. With the lease option all of the vendors provide a "service" that includes monitoring, insurance, inverter replacement at no extra cost over the lease term.
For instance, here is one of the quotes:
PrePaid lease: $5K (one time upfront payment and no financial liability till the end of the 20-year lease)
Purchase: $14K
If I am in a position to go for either option, which one should I choose? Appreciate your inputs.
- Ranga