Homeowners who are thinking about investing in a solar energy system at home in Hawaii are not alone. It is well-known that the cost of living in this state is significant, and many homeowners may consider investing in a Hawaii or Oahu solar energy system to offset the cost of regular living expenses. Those who take the time to explore the options for Hawaii solar energy will find that they have several options available. They can pay for a direct purchase with solar installers in Hawaii, sign a Hawaii solar lease or obtain financing for their purchase. Taking a closer look at the options can help residents make the best decision for their needs.
A Direct Purchase
A direct purchase of a Hawaii or Oahu solar energy system with a cash payment may be one option to consider, but it may cost thousands or even tens of thousands of dollars for a homeowner to purchase a system that will fully offset their energy needs. Once installed, however, the system may produce all energy that the home needs. Over time, the system may pay for itself. However, homeowners should crunch the numbers to determine how many years the system will need to be operational before the up-front cost has been recouped.
Even those homeowners who do not have the deep pockets necessary to make a direct purchase in a Hawaii solar energy system may still be able to purchase and install a system. With financing options, paying for the services of solar installers in Hawaii may be feasible. This is an option that essentially allows the homeowners to obtain a loan for the purchase of the system. The cost of services for solar installers in Hawaii as well as the rates and terms of a financing program can vary, so this option should also be explored in detail.
A Solar Lease
Signing a Hawaii solar lease is a final option to consider. The terms of a Hawaii solar lease can vary, but generally, homeowners may expect a Hawaii or Oahu solar energy company to pay for the cost of installation. The homeowner may have to pay a small monthly lease payment, and this may have a fixed payment over time. The amount of power that is generated by the home’s new system may offset the cost of the lease payments.
With each of these options, it is necessary for a homeowner to thoroughly review the costs, terms and benefits. Each offers benefits as well as drawbacks, and some options may be more feasible or cost effective for homeowners than others. While some options may be better for a homeowner than others, the variety of options makes it easier for homeowners interested in using solar energy to find a solution that is right for their needs and budget.