11-27-2012, 08:14 AM
Orchidlandguy,
A couple of things to consider. With a lease, you get the cost saving benefits of both the State and Federal tax rebates. Sunrun takes them and passes on the savings to you. This is the main reason we went with a lease.
If you pay the lease upfront, like I did, there are no more payments to make except the minimum charge that Helco charges ($20.50) assuming your system is large enough to cover your usage. Even if they go out of business, you still have the PV system. You've paid for it. In my case, I am getting a 20% return on the $10,400.00 investment I made at today's Helco rates and my current electric. usage, and it will only get better.
A couple of things to consider. With a lease, you get the cost saving benefits of both the State and Federal tax rebates. Sunrun takes them and passes on the savings to you. This is the main reason we went with a lease.
If you pay the lease upfront, like I did, there are no more payments to make except the minimum charge that Helco charges ($20.50) assuming your system is large enough to cover your usage. Even if they go out of business, you still have the PV system. You've paid for it. In my case, I am getting a 20% return on the $10,400.00 investment I made at today's Helco rates and my current electric. usage, and it will only get better.