Today we have seen a dramatic shift in how homeowners are going solar in California. In the past the only way to go solar was to make a large up-front capital investment. Typical system size is 5kW and in the past could range anywhere from $30,000-$50,000. Today, in California we are seeing more third party owned systems then the traditional purchase options. The reason this is happening is because companies like American Solar Direct who are offering a low up front cost fixed rate lease solution to going solar. With minimal upfront capital required you can get the same financial benefits as a purchase. With a lease option you also get the security of not having to invest any additional capital into the system down the road and the flexibility to move as you chose. Fixed rate energy is the future here in the USA. Below are some calculations of the opportunity of the the capital over a 20 year time span for a 3kW system. This is what is possible to do if you invest your money in the markets or other investment vehicles.
Return on the investment of $13,960 over 20 years.
- At 4% the amount will grow to: $29,411.61
- At 6% the amount will grow to: $42,237.37
- At 8% the amount will grow to: $59,131.50
As the economy continues to recover the opportunity to leverage capital is getting better and better. Below you will find some stats and charts to validate this trend.
As we continue to approach grid parity across the country we will see this trend continue to grow. Most homeowners can go solar today for about what they are paying currently to their local utility. If you would like some additional info on solar leasing or would like a professional quote then get started with our solar quote creator . We will be in touch within 24 hours.