More homeowners now choose to buy solar panel systems rather than lease them, according to a new report.
Solar leases, which typically last up to 20 years and keep the ownership of solar rooftop panels in third-party supplier hands, peaked in 2014, with 74% of solar-panel home customers choosing that option. In the fourth quarter of 2016, however, the market that had been quickly moving away from leases jumped the shark, and only 47% of homeowners chose leasing, according to a report from GTM Research.
“All signs point to the continued rise of customer ownership. Leasing was a necessary temporary solution that sparked the original growth of residential solar, but the future is cash and loans,” GTM stated in its report.
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Source: News Feed