We live in a world where our decisions decide our fate and it is because that we can make the decisions from the mindset and caliber which basically forms the basis of the aspects that decide the outcome of a certain situation.

Humans start learning different aspects of life from the very initial stages in order to make sure that their decisions make a good development in the sector of prosperity, economic development or anything related to life.

There are certain decisions that should be taken wisely in order to ensure the maximum outcome by making the input of as less as possible in the form of energy and investment.

When we are specifically talking about the solar cells or solar industry or any other general electrical components, there is always a question that whether the instrument should be purchased or leased.

There is a continuous fight between these two platforms of buying solar v/s leasing solar lately.

With no doubt, each one of them stands out from the other according to the circumstances and situations that differ from person to person.

Are you going to buy a solar panel? Confused if to buy it or lease it? Well, let us state certain aspects that will help you in making a better decision and go for the platform that best suits your scenario:

The first and foremost factor that decides the fate of the decision is the answer to a question that is how much bank balance do you have presently?

Well, the question is to be considered in the metaphorical meaning, means your financial position decides the decision you are going to take because there are two different aspects.

If you are having a consistent source of stable income but are not having an accumulated amount of investment that can be put in at the same time for the solar panel installation cost, then the best choice you can go for is to lease a solar panel and the second scenario is that if you believe that you have enough amount a saving and are looking for a place where you can make an amazingly great investment which gives you profit in return, then the best decision for you is to buy the solar panel completely in one shot.

All in all, this point justifies your choice of making a stable investment at a moment or take out a certain amount of your monthly budget for a certain period. (1)

The second aspect in these circumstances is the answer to a question which is; do you prefer the maintenance to be done on its own or you want to take the responsibility of maintenance?

Well, it is that simple that if you believe you can go for the maintenance charges on a regular basis, because obviously it’s a machine and it requires maintenance which is to be done after a specified of time, on your own then the best way for you is to buy a solar panel though certain solar installation companies come up with amazingly great warranty and maintenance plans.

But, if you cannot afford to invest your time and money in making sure that your solar panels are in a maintained position, then you have to make the regular investments (lease) for the company so that it can take care of the maintenance aspects of your solar panel and you don’t have to worry about them. So, what is your call? (2)

The third question is quite interesting which will make your decision an easy one and the question is quite simple which is what are you up for, saving or for earning? Didn’t get that?

Well, it’s that simple that one decision comes up with the sources of saving and the other one with the sources of earning, let us explain to you, like if you are going to purchase solar panels completely on your own.

Then after the generation of a certain amount of power, which is being set as a standard by the government, you can sell it at good rates and it can help you in making an earning according to your use while selling out the extra amount of energy to others without making any effort.

On the other hand, if you want to make regular savings and not ready for an investment and get the affordable solar panels for home, then the best choice for you is to lease a solar panel because in this way you have to pay your electricity bills for very nominal price as well as you don’t have to worry about the maintenance costs and other costs of the equipment because all that comes in the package of the amount you pay for the lease on a monthly basis. (3)

The fourth aspect is the value of your house, it’s quite simple and natural that if you own a house that is installed with the solar panels which are completely purchased like you have paid the federal taxes and everything regarding them completely, then they raise the cost of your house to the next level.

It will raise the market value of your house to an extent. But on the other hand, if you are leasing solar panels, then you do not own it and you have to return it to the company if you are thinking of selling a house or something, so in this way, it will not increase the market value of your house as they will not be considered as part of your house. (4)

All in all, if we conclude the discussion in simple and compact words, it is that the choice is completely dependent on the circumstances and a scenario in which you are deciding.

With no doubt, investing in solar panels is a profitable investment, not only in terms of money, but also in terms of care of the environment while on the other hand, leasing a solar panel is a good way to maintain your budget and fabricate a savings plan.

Now, you have both the aspects in front of you so what are you up to? Leasing v/s buying solar panels?

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