That was in early 2006, after solar-enabling energy bills brought instituting subsidies, a state rebate and a federal tax credit. The cost was still too much for Tait. Tait explains how he discovered the secret of having the solar panel on lease purchase for 15 years.
“I'm a working person,” he said. Solar power “has to make economic sense. It's good for the environment, and I feel good about that. But the system has to work financially and in the 'green' sense.”
So Tait, 59, tried to make his home more energy-efficient in other ways. He took out a home-equity loan to replace his windows and upgrade his heating and cooling system.
Now, however, Tait has a new solar system on his house, and he hasn't paid anything upfront for it. Instead, he's leasing the system by making monthly payments. It is part of an emerging trend in the industry that could make solar power more attractive to homeowners.
Tait learned about the program on a postcard. It described “a solution I didn't know I was looking for,” promising that he could “install solar for $0 down” and “save from day one.”
“I'm not a person to take a deal without researching the deal a little bit,” Tait said. “But it did pique my interest.”
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