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Team 9 Buying vs Leasing Solar Panels
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Alternative Considerations 1.Lease Solar Panel: – Service Life – Regular Payments – Rebates Lost 2.Buy Solar Panel: – Total Price – Depreciation – Maintenance – Rebates Earned
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Owner’s Home Information 3,100 square feet Fullerton, CA Power Consumption: 1,210 kWh per month Power Solar Panels Provide: 14,892.52 W/Yr Utility Company: Southern California Edison
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Decision Making Process Research – Obtain cost data from solar company – Obtain electrical rebate information from power companies Analysis – Determine benefits and costs for both alternatives – Calculate future worth of both alternatives Sensitivity analysis – Determine if our assumptions are accurate
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Resources Solar Panel Company: Solar Utilities Now Southern California Edison: www.sce.comwww.sce.com US Department of Energy: www.desire.orgwww.desire.org The California Energy Commission: www.energy.ca.gov/renewables www.energy.ca.gov/renewables
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