01-11-2015, 02:23 PM
What rate are they going to charge you on the "estimated" HELCO increases to base your payment over the lease would be a start. If they estimate the annual HELCO rate to increase annually, say at 4% and your monthly lease payment is reflected on that increase, but it only goes up, say 2%, you,lose in the long run. Also, I believe you,would not be able to get all the available tax breaks if you were to purchase the system.
Another question on the lease is what are your upgrade options as technology increases over the 20 year lease. Is a panel replacement, or brain box available if the technology considers it as "standard equipment" ten to fifteen years down the line. Are you able to have a backup generator tied to,the system, and if you do, is the lease warranty compromised?
More questions to wade through on the lease agreement than one would think, but better be safe than sorry. JMO
Community begins with Aloha
Another question on the lease is what are your upgrade options as technology increases over the 20 year lease. Is a panel replacement, or brain box available if the technology considers it as "standard equipment" ten to fifteen years down the line. Are you able to have a backup generator tied to,the system, and if you do, is the lease warranty compromised?
More questions to wade through on the lease agreement than one would think, but better be safe than sorry. JMO
Community begins with Aloha