One big one is not, however: interest rates.
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“Last year was a huge year for the loan market,” Gaston told CNET.
“This year is a little bit of a different story.”
“Financing costs, because of high interest rates, have been a big issue,” Gaston said.
As a result, more homeowners are getting solar panels with aleaseorpower purchase agreementrather than buying them outright.
“The consumer value proposition on buying solar through a loan is really impacted by higher interest rates.”
How are solar loans different from leases and PPAs?
The difference is pretty simple, but it’s significant.
You own the equipment, meaning you’re responsible for themaintenance.
