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No wonder rooftop solar capacity almost doubled from the beginning of 2013 to the end of 2014, according to the Energy Information Administration. S. Going solar isn’t a slam dunk for everyone. Does my house have to be situated in a very sunny spot? The more sunshine you have, the more power your system can produce. But the 40 OCTOBER 2015 amount you can save on your bills also depends on the price you pay for electricity and the available credits and other incentives from federal, state, and local governments.
So be aware that your fee might not be fixed over the lifetime of the lease, but that should be clearly spelled out in the contract. Note that the leasing company keeps all of the tax credits and discounts. Make sure your contract spells out who is responsible for maintenance ILLUSTRATION BY BROWN BIRD DESIGN With few or no moving parts, panels usually need little attention. The one exception is the inverter that changes the direct current from the system to alternating current. The inverter, which can conk out after about 15 years, costs around $1,000 to $1,500 to replace.