I had a solar array installed about 4 years ago,, best improvement I ever made to my property.. We bought ours outright,, We were lucky and got on a program where we financed through a lending institute, We were charged no interest for the first years and they required no payments, But we made voluntary payments each month. But we read the fine print and found that after the first year if we stayed with that lending institute we would pay around 17% interest on the loan, We stayed with the lender only for the first year and then re financed with our local credit union where we bank. our payments were smaller than our electric bill, and we will pay off the loan in around 7 years.
AzGreg, I will not criticize your decision but I would never lease a system, They are usually 20 year leases and a lean is put on your house during that period. The solar has to be attached ( on the roof) to your house for a lease. This can ( and does ) affect the ability to sell your house down the road. And as you found, you don't get tax breaks.. The solar company gets that. So they report a top dollar install and get the rebates.
Your choice was to go with purchasing power from Vivinet that the solar panels create. again, they will get the rebates, They will also get money/credit for any excess power that gets generated above what you use. Pleas make sure that you find out how often the price you pay increases over the term of the agreement. My neighbor down the road has the "purchase Power" option and has a yearly 6% increase. I would assume that this is a "you will have a lien" n your house during the duration of the agreement.
My install is a ground mount with 24 panels, each panel has it's own inverter. I have not had a power bill since I had them installed. If I was to give you advice, this is what I would say to you:
Go online and buy a "solar install kit" , It would have all of the solar panels, Inverters, and a roof/ground mount frame. The solar panels and inverters are plug and play, Install is actually fairly easy. I helped a neighbor down the road set up his ground mount system.
A good system will run around 8K to 12K depending on panel brands, inverter brands etc..
It looks like you will be saving around 80$ monthly with your plan.. I don't know what your financial status is, but I could probably save that much by cutting back on beer and eating out less..
Again, You should do what you think is right for you,, I just did a ton of research before I bought mine so I learned alot about the lease/pay per watt plans, I just could not see how anyone would want those after doing the research..
Again.. You do what you are comfortable with.. If saving 80$ makes you happy,, Then I am happy..
djl