Kelly
In most cases a purchase is better than a lease long term. Provided you have the cash to lay out and wait for the return of the incentives etc.
Next best case would be low interest PACE financing where you basically finance the system on your property taxes. The down side of this is Fannie Mae and Freddie Mac will not allow this to happen at least not yet.
Next would be a prepaid lease One payment and it is essentially yours for 20 years.
Now if you don't have the cash to lay out a $0 down monthly payment lease may be appropriate. If it offers a purchase option all the better.
In most cases a purchase is better than a lease long term. Provided you have the cash to lay out and wait for the return of the incentives etc.
Next best case would be low interest PACE financing where you basically finance the system on your property taxes. The down side of this is Fannie Mae and Freddie Mac will not allow this to happen at least not yet.
Next would be a prepaid lease One payment and it is essentially yours for 20 years.
Now if you don't have the cash to lay out a $0 down monthly payment lease may be appropriate. If it offers a purchase option all the better.
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