freEner-g - Leasing vs Purchasing

Leasing example below is based on a full, self-sufficient solar electricity system for a home that uses 600 KwH/month. Note: 600 KwH = approximately $72/month traditional electric bill.

LEASE AMOUNT:	*$200/mo
Electric bill per month:	**$0 net metered
Term of lease:	annual
Service & maintenance:	included

Options if you sell your house:

1) Panels can be removed without damage and lease can be terminated.

2) Panels can be removed a new lease could be created and a new system could be designed and installed into your new home.

Note: Please contact freEner-g to learn more about leasing a solar electricity system for your home.

Purchasing example below is based on a full, self-sufficient solar electricity system for a home that uses 600 KwH/month. Note: 600 KwH = approximately $72/month traditional electric bill.

PURCHASE AMOUNT: ($60,900 cost less $13,200 rebates & tax credits)	$47,700
Electric bill per month:	**$0 net metered
Service & maintenance:	not included

Options if you sell your house:

1) Remove your solar system and reinstall on your new home. Please note: solar electricity systems are generally configured specifically to the house where it is installed, therefore removing it and reinstalling it to suit your new home may have limitations.

2) Sell your home with the panels installed and hope to recover the cost in the sale. This will depend on current valuations of homes with sustainable energy sources.

*$200/mo is an estimate. FreEner-g is in the process of determining a "willingness to pay" monthly lease amount.

Net metering

**Understanding Net Metering:

Minnesota state law provides net metering of electricity. That means the following:

At any time during the day, solar panels in your home will generate electricity depending on the sun conditions of that moment.
At the same time, you will consume whatever amount of electricity you require to carry on with your normal activities.
The difference between what is generated and consumed either flows in or out of the house (thru the electric meter), ensuring that the solar panels and the power grid work together to serve your home.
Naturally, the meter will track the ‘net difference’ between what flows in and out of the house, thus the name ‘Net Metering’.