How to Lease Your Own Home Solar Power System

Leasing a home solar power system can deliver savings on your electric bill immediately -- if you live in the right place.

The big news in home solar isn’t the glut of solar panels worldwide that’s slashed prices in half in the past year. No, the big news is the rise of leasing, which makes home systems more affordable and can save you money right away on your electric bill.

Several years ago, Hal and Brenda Wright of Centennial, Colo., a town just south of Denver, started investigating solar power for their 2,600-square-foot home. It was "more because of the green aspect than the economic aspect," says Hal.

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Bob Frick
Senior Editor, Kiplinger's Personal Finance