South Central Power does not sell, install, or maintain PV systems, so you will either purchase or lease a system from a contractor who is not a part of the cooperative. If you purchase a solar system, you will be the owner, and you’ll be responsible for the purchase price, as well as ongoing maintenance and repair costs. If leasing is the option you prefer, you will pay less initially, but you’ll likely have higher ongoing costs.
In either case, it pays to spend time figuring out all of the expenses you’ll be responsible for during the life of the system. These may include:
- Installation (in addition to the price of the system)
- Interconnection costs
- Insurance
- Taxes
- Possibly others, too
If you are leasing, ask contractors:
- About the length of the term
- If the contract is transferrable to a new homeowner, should you sell your home
- About the potential for price increases
- The same questions you’d ask if you were to purchase a PV system
In the “credit” column of your price comparisons, look at any incentives, rebates and tax credits offered for either a purchase or a lease.