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A new debate in solar panel installation

Posted on Monday, May 9, 2016 at 1:51:58 PM

Solar panels have become a common centerpiece in home improvement projects across the country, and such great adoption of the technology has led to more substantive debates between the individuals using them. One of the more prominent topics of conversation today relates to the decision between owning or leasing solar panels. 

Computerworld reported that the expense associated with purchasing solar panels outright once made it far more preferable to lease the items, but that this has completely changed thanks to plummeting costs. As is the case with virtually every asset, owning will have a much larger range of benefits than leasing, so long as the consumer can afford the upfront costs. 

According to the news provider, the prices have dropped by about half to one-third of the expenses that were seen around 2005. This is leading to a far more common pursuit of home improvement projects that involve the full purchase and installation of solar panels. 

Home improvement financing and loan programs are available specifically for solar panels and energy-efficient upgrades, and can be acquired through a trusted local bank.