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Everything You Need to Know About Leasing vs. Purchasing Solar Panels

Compare leasing and purchasing solar panels in terms of ownership, energy savings, and long-term benefits. Find out which option suits your home. Read blog!

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Everything You Need to Know About Leasing vs. Purchasing Solar Panels

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  1. anNSEGCompany Everything You Need to Know About Leasing vs. Purchasing Solar Panels When considering solar panels for your home in Australia, you have two main options: purchase vs lease solar panels. Both have their merits and considerations, and the best choice depends on your personal financial situation and long-term energy goals. UPFRONT COST Leasing: Leasing solar panels typically involves very low or no initial costs. This is great for homeowners who prefer not to invest a large sum upfront. Purchasing: Buying solar panels initially costs more, but with the decrease in solar prices and availability of government rebates and zero-interest loans, it's becoming more affordable. www.sunboost.com.au

  2. OWNERSHIP Leasing: The solar panels remain the property of the leasing company, not the homeowner. Purchasing: You own the solar panels outright. This ownership comes with the advantage of increasing your home's market value. MONTHLY PAYMENT Leasing: You pay a fixed monthly fee for leasing the solar panels. Purchasing: If you pay the full price upfront, there are no monthly payments. Otherwise, you might opt for a financing options for solar panels which would require monthly payments until fully paid. MAINTENANCE & MONITORING Leasing: The company you lease from will usually take care of maintenance and monitoring of the solar panels. Purchasing: Maintenance and monitoring is customer's responsibility. The solar company may offer subscription based monitoring. You may contact any SAA approved solar installer for periodic maintenance of the system. www.sunboost.com.au

  3. CUSTOMIZATION AND UPGRADES Leasing: Customization and upgrades during the lease period are limited as they depend on the leasing company's terms. Purchasing: You have full freedom to customize, upgrade, or expand your solar system as needed. ENERGY BILL SAVINGS Leasing: Leasing solar panels can immediately lower your monthly energy bills as your lease payment will likely be less than your typical electricity bill. Purchasing: Over time, owning solar panels can lead to significant savings on energy bills, as you essentially produce your own electricity for free once the panels are paid off. To Know More About Everything You Need to Know About Leasing vs. Purchasing Solar Panels CLICK HERE Call Sunboost today on 1300 786 266 info@sunboost.com.au Follow us on: www.sunboost.com.au

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