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Solar Leases or Solar Loans: Which Is the Brighter Idea?

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Do you want to save on your electricity costs while helping the planet? Or, are you wondering whether you should get solar panels with solar leases or solar loans?

Solar panels are a great way to cut your electricity costs and green your home. You can even get a tax credit for your upfront costs. You can also see an immediate return on investment with the lower electricity bill.

Solar leases and loans have made it much easier for homeowners to install solar panels. But which one is the better option? Keep reading as we compare them to help you decide.

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Things That You Need to Consider Before Installing Solar Panels

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As people grow more and more environmentally conscious, they’re trying to do their part by living a “greener” lifestyle. A big part of that is reducing your carbon footprint in various ways – from recycling and composting to driving less and using energy-efficient appliances. However, one of the big ways you can make a dent in your carbon footprint is by installing solar panels. While they undeniably offer many benefits – not just by helping the environment, but also by saving you money on your energy bills in the long run – there are a few things you need to consider before installing them.

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Floating Wind Farms Could Maximize Power Output

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the staff of the Ridgewood blog

Ridgewood NJ, maximizing power output to make windmills more efficient and more profitable has plagued mankind since the age of Don Quixote. The expression ’tilting at windmills’ derives from Cervantes’ Don Quixote – first published in 1604, under the title The Ingenious Knight of La Mancha. The novel recounts the exploits of would-be knight ‘Don Quixote’ and his loyal servant Sancho Panza who propose to fight injustice through chivalry. The symbolism for Don Quixote battle with windmills is not over looked by modern technologists.

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Polar Vortex Takes Out Green New Deal

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the staff of the Ridgewood blog

Ridgewood NJ, the polar vortex seems to have thrown ice water on Governor Murphy’s promotion of alternative energy .On November 19, 2019 Governor Murphy signed Executive Order #92. This order effectively raised New Jersey’s offshore wind goal from 3,500 megawatts by 2030 to 7,500 megawatts by 2035 – more than double the initial goal. This new goal will deliver clean, renewable energy generation needed to meet the State’s goals of 50% renewable energy by 2030 and 100% clean energy by 2050. A schedule for offshore wind solicitations through 2028 has been developed and can be found here.

Much of the Midwest and mountain states are seeing subzero temperatures and blizzard conditions as the polar vortex sweeps through. As far south as Dallas, the temperatures dipped into the 20s. In parts of Minnesota, temperatures dipped to near their lowest levels in a century. In Texas, the Fort Worth Star-Telegram is warning of “rolling blackouts” due to extreme cold.

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