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Team 9 Buying vs Leasing Solar Panels. Alternative Considerations 1.Lease Solar Panel: – Service Life – Regular Payments – Rebates Lost 2.Buy Solar Panel:

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Presentation on theme: "Team 9 Buying vs Leasing Solar Panels. Alternative Considerations 1.Lease Solar Panel: – Service Life – Regular Payments – Rebates Lost 2.Buy Solar Panel:"— Presentation transcript:

1 Team 9 Buying vs Leasing Solar Panels

2 Alternative Considerations 1.Lease Solar Panel: – Service Life – Regular Payments – Rebates Lost 2.Buy Solar Panel: – Total Price – Depreciation – Maintenance – Rebates Earned

3 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

4 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

5 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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