EcoMark Solar says buying home system is better than leasing

DENVER - July 2, 2015 - PRLog -- Paying for solar energy systems has been dominated by leasing plans in recent years. However, many home owners are finding it’s better to buy their systems.

With something that appreciates in value over time, like a home, it’s better to buy than rent. “The same is true of your solar energy system,” explains Alex Valdez, CEO of Denver-based EcoMark Solar (http://ecomarksolar.com/). “Your solar energy system has no moving parts and should last at least 40 years.  Energy costs will continue to rise so investing in your ‘personal power plant’ makes economic (and environmental) sense.

“Some home owners pay for their systems with cash and others finance them,” Valdez continues. “Most financing plans don’t require any down payment or cash out of pocket—you can finance the total amount of your solar panel system. There is a 30 percent Federal tax credit available so customers need to talk with their tax advisor about how they can use and apply the credit. Interest rates are very favorable now, too,” he adds.

Valdez, who has a real estate background, also notes that re-sale on a home with an owned solar system is easier than one with a lease. “If you’re selling your home with a leased system, some home buyers are not interested in assuming that long-term lease. If you own the system, the cost can be included in the listing price,” he explains.

Many different types of institutions are offering solar loans, including local and national banks, specialty finance companies, credit unions, solar panel manufacturers, public-private partnerships, and utilities. Solar loans have the same basic structure, terms and conditions as any other home improvement loans.

About EcoMark Solar

Based in Denver, EcoMark Solar was founded in 2010 and works with homeowners all along the Front Range, from Colorado Springs to Fort Collins. The company offers design, installation and financing for solar energy systems. For more information, visit www.ecomarksolar.com or call 720-432-6411 or 855-4ECO-411 (855-432-6411)