Here's An Example Of A Gimmick That Some Leasing Companies Will Use To Confuse Consumers Into Thinking That A Solar Lease Offers You More Than It Really Does.
The Trick Is Never To Display The Original Electric Bill And The Lease Payment And Utility Bill Savings In The Same Example So That Your True Net Savings Can Be Visualized.
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This Example Applies To A $249.00 Existing Electric Bill
$0 Down Payment
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$122 Monthly Lease Payment
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$192 Monthly Utility Savings
On the surface it appears that this consumer will be saving $192.00 per month on their electric bill. After all that's what this quote states. But in reality you have to subtract the $122.00 lease payment from the $192.00 utility savings which leaves you with only $70.00 in savings per month. And since the lease payment amount will increase each year by up to 3.9% for the life of the lease, your savings will not grow by very much year after year.
$70.00 may sound like a substantial amount, but when you consider that a purchased system