Quote:
Originally Posted by Kal
For anyone considering this I'd seriously recommend reading all the fine print. I looked into one recently and at no stage do you ever own the equipment. At the end of the 7 year lease (10 and 15 year leases were also options on the one I investigated), you have the option to enter into another lease, buy the equipment off them, or pay to have the system removed. The savings as you mention are marginal, and it ties you down to the one energy provider on a long term contract removing your ability to shop around for a better electricity deal down the track.
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Good call on all points. I pay $100 at the end of the lease to own it. The savings are indeed marginal (for 7 yrs, although if electricity prices go up, im ahead). I dont know if I am tied down to one provider, it was a non-energy provider that installed the system and another 3rd party provided the lease, ill look into that.