When solar power panels first emerged onto the marketplace a long time ago it was the expensive price that provided many consumers pause. Because of this, companies all over sprung up to rent solar power panels at a far more affordable price, instead of having customers buy solar panels. Actually, by 2014, 72 percent of most solar panels systems were leased. However, this is likely to drop to 48 percent by sometime in 2017.
With the price tag on solar panels in Sacramento, Ca. coming down, people who recently rented their systems are actually thinking of buying. For this reason, many solar power lease companies have observed a reduced amount of their earnings by 50% this season alone. In order to stay competitive, some smaller local rental service have begun to offer specialized lending options for customers looking to get solar panels, as each company comes with a comprehensive backlog of hardware they have to lease.
To reduce the total amount a homeowner will pay for the installation there's a $5,000 federal tax credit, taking the amount down to practically $12,000 with regards to the overall size and the service agency putting in the system.
As the price tag on solar energy panels in Sacramento, Ca. is constantly on the drop, fewer homes can look towards local leasing services and instead choose to actually purchasing the equipment. It really is an indicator of technological advancements, but it additionally means these businesses should evolve to be able to stay relevant, or they will probably not survive. For more information on buying solar panels call Energy Savings California.