The financial incentives offered by solar system leases have been a major factor in their growing popularity. By leasing rather than buying solar panels, homeowners can save thousands of dollars on the initial cost of installation and take advantage of other tax breaks such as the federal investment tax credit (ITC). Additionally, many state and local governments provide additional rebates or credits which can further reduce the costs associated with going solar. With these kinds of savings available, it’s no wonder so many people are turning to leasing programs to get started with installing their own solar energy systems.
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