Tired of paying high electricity bills month after month? Would you like to reduce your reliance on the grid and become much more sustainable?
If you’re looking to lower your electricity bills and decrease your dependence on the conventional electric grid, you may have considered the option of installing solar panels in your home.
However, the initial cost of purchasing and installing a solar system can be a barrier for many households.
This is where solar panel leasing comes in, an increasingly popular and affordable option.
In this article, we at Babio will guide you through the most frequently asked questions about solar panel leasing, so you can make an informed decision about which option is best for you and your home.
Keep reading to learn more about solar panel leasing!
What is the cost of solar panel leasing and how does it compare to purchasing a solar system?
The cost of solar panel leasing will typically depend on various factors such as the size of the system and the length of the contract.
In general, solar panel leasing tends to be more affordable than purchasing a solar system for many households since it does not require an upfront investment.
Additionally, households can start saving money on their electricity bills from the first month since solar energy is used to power their homes once the solar panels are installed.
Moreover, leasing usually includes maintenance and repair services, which means a time and money-saving for homeowners.
However, it is important to keep in mind that leasing solar panels means that households do not own the system, which could be a disadvantage in the long term for some.
In this sense, at Babio we offer a purchase option from day one, which will allow you to buy the panels whenever you want and increase the value of your home by an average of 4% according to the National Renewable Energy Laboratory (NREL).
We also recommend carefully reviewing the terms of the lease agreement to understand the costs and responsibilities of the household.
At Babio, we are experts in helping households determine if solar panel leasing is the best option for them.
We offer flexible and transparent contract options with no hidden fees so that households can make an informed and secure decision for their budget and energy needs.
How does the payment process work and what are the available contract duration options?
The payment process during the solar panel leasing varies depending on the specific company and contract.
Usually, households pay a monthly fee for leasing the solar panels instead of paying an initial cost to purchase the system.
The monthly leasing cost includes the use of the solar panels as well as maintenance and system repairs. Regarding contract duration options, solar panel leasing companies offer different contract terms, which can range from 20 to 25 years.
It is important to note that, in general, the longer the contract term, the lower the monthly leasing fee.
However, households should also consider that a long-term contract could limit their flexibility to change or update their system in the future.
Babio’s solar panel leasing service does not require any initial cost, making the transition to solar energy more affordable and allowing homes to save from the first day.
In addition, our clients always choose the leasing duration and have the possibility to execute the option to purchase the panels at any time during the leasing contract.
How is the installation process for leased solar panels and what requirements does the home need to meet?
First of all, we want to mention that the installation process for leased solar panels is exactly the same as the installation process for purchased solar panels.
In our case, simply by filling in a few details (such as your address, electricity bill, and roof specifications), customers can instantly calculate online:
- The number of panels they need for their solar installation
- The monthly leasing price
- The purchase price for each year of the contract
- The annual savings they will get with us
At Babio, once we have the necessary information, we use the most advanced technology to determine the amount of sunlight your roof receives, so we can offer the most personalized and cost-effective proposal for each case.
In some cases, or if the customer requests it, an expert technician will visit the home to verify that the information is correct and to ensure that both the roof and the environment are suitable for installing solar panels.
Once the number and type of necessary solar panels have been determined, a date for installation will be scheduled.
During installation, the Babio installation team will work to ensure that the panels are installed safely and efficiently.
It is important to note that there are certain requirements that the home must meet for the installation of solar panels. For example, the roof must be in good condition (with an appropriate remaining life), be able to support the weight of the solar panels, and have enough space on the roof to accommodate the solar panels.
In addition, the home must have access to a well-maintained electrical panel and the installation must comply with local construction legislation.
To help homes prepare for the installation of solar panels, Babio provides detailed information on the necessary requirements and also offers assistance in preparing the home before installation.
If you have any questions about the necessary requirements for the installation of solar panels, do not hesitate to contact Babio for more information.
What is the warranty period for the rented solar system and how are repairs and maintenance of the system handled?
The warranty period for the rented solar system may vary depending on the provider and the type of solar panels.
In the case of Babio, we offer a maintenance and repair warranty throughout the rental contract.
This means that any problem that arises with the system, whether it is a technical failure or a problem related to performance, will be repaired without any additional cost.
Likewise, regular maintenance of the solar system is also included in the rental contract.
Our technicians will perform periodic checks of the system to ensure that the solar system is functioning optimally and will make necessary repairs if something is not working as it should.
It is important to note that proper care and maintenance of the solar system is essential to ensure its long-term performance and durability.
Additionally, at Babio we use artificial intelligence not only to predict energy flow in homes and make recommendations on energy consumption but also to anticipate breakdowns and extend the life of solar panels.
Babio: We offer the most complete, flexible, and economical solution on the market
Babio offers a series of unique advantages that make solar panel leasing the most attractive option for homes in California.
By choosing Babio to rent solar panels, homes can enjoy a flexible solar energy solution in terms of contract duration and the option of permanent purchase at any time in the market, with a savings guarantee and transparency throughout the process.
Additionally, if you want to buy the panels but are overwhelmed by the paperwork of the tax credit, we have the perfect solution for you. Through our service, we rent solar panels to you during the first year, take care of the tax credit process, and then sell you the solar panels (discounting the tax credit) without you having to worry about anything.
A unique and affordable solution on the market for all homes.
Furthermore, you can trust that your home will receive the personalized attention necessary to maximize the energy savings potential of the solar panels.
Do you want to switch to solar energy and start saving on your energy bills?
Contact us today for more information on how we can help you!
Our team of experts will be happy to answer all your questions and help you take the first step towards a more sustainable future.
Don’t wait any longer to start enjoying the benefits of solar energy with Babio!