Maryland Solar 101: The Solar Lease

Are you thinking of switching to solar power but dreading the thought of parting with a lot of money to do it? If you live in Maryland, your worries could be over. It’s one of several states to offer solar leasing, and a Maryland solar lease will allow you to take advantage of the many benefits of solar energy without investing a large amount of cash.

What Is a Solar Lease?

A solar lease in Maryland is similar to a car lease. With a solar lease, you will not be leasing the solar power itself. Instead, you will be leasing the equipment required for producing that power. Over the lifetime of your agreement, you will make payments on a monthly basis. Most people in Maryland can now get started with no money down and free installation, as well.

Does a Maryland Solar Lease Make Economic Sense?

Altruistic considerations aside, many people have little interest in agreeing to a solar lease unless they believe it will pay off for them monetarily. Fortunately, this is easy to figure out. If your potential monthly lease payment will be lower than what you’d pay to purchase energy from the grid, you’ll know that the deal is as good for you as it is for the environment.

Why Is It Better to Lease Than to Own?

If you don’t expect to remain indefinitely in your current location or simply don’t want to make a large initial expenditure, a solar lease in Maryland is the easiest way to go. Under the terms of most MD solar lease agreements, the leasing company will handle everything from installation of the equipment to its maintenance and eventual repair in case something goes wrong. All of the headaches will belong to someone else. Moreover, since the solar leasing companies normally take such good care of the equipment they supply, some people even feel that leased installations generate energy more efficiently.

What Happens When My Lease Is Up?

At the end of your MD solar lease agreement, several options will present themselves. If you’ve been happy with the quality of the equipment and the service the company provides, the first and easiest choice is just to renew the lease. Alternatively, you can make the switch to ownership and buy the equipment from the leasing company. If, however, you decide that you’d rather go back to the old ways, you can just let the lease expire and allow the company to remove the equipment from your property.

What Happens If I Need to Move?

This should not pose a problem. Pre-installed solar equipment will increase the value of your property, and you will usually be able to transfer the lease over to the new owners without any difficulty.

If you’re serious about going solar, a lease arrangement can make it easy. Best of all, signing up for a solar lease in Maryland could be as beneficial for your wallet as it is for the ecosystem. In the final analysis, what could be better than that? If you want a simple way to talk to different Maryland solar companies that offer a solar lease, Solar Maryland can put you directly in touch with these providers to help you go solar easily and economically.

Leave a Reply

Your email address will not be published. Required fields are marked *