A new study has found that being able to purchase a rooftop solar panel system is often a privilege of the affluent, but that leasing rooftop solar panel systems is an increasingly popular option for those who simply don’t have the money to pay up front. If you have the money to lease a rooftop solar panel system, you’re not only helping the environment, but, within just a year after you start, you can start saving money. The real benefit for those leasing a system is seen over the next few decades of their contract, where third-party companies are touting household savings of up to $10,000 to $15,000 over two decades. How? Because as you pay a constant $40 or $50 per month lease on the solar panels, the cost of electricity is going up, saving you money. The study was conducted by analysts from the U.S. Department of Energy’s National Renewable Energy Laboratory, who found that leasing solar panels is surging in southern California and is especially being adopted by those in ‘less-affluent’ neighborhoods where households are earning between $100,000 and $150,000 a year. [Read this article]

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