A homeowner in a sunny climate has decided to lease a photovoltaic system instead of purchasing one. Which of the following about that choice is true?

Leasing a photovoltaic system enables the homeowner to offset a large up-front cost associated with purchasing solar panels outright. This arrangement typically involves little to no initial investment, which makes renewable energy access more attainable for homeowners who might be deterred by the high upfront costs of buying a system.

Additionally, leasing allows homeowners to start saving on their energy bills sooner since they can avoid the initial expenditure needed for purchasing the system. Instead of making a significant capital investment, homeowners can pay a fixed monthly fee or a lower upfront cost while still benefiting from the energy produced by the panels.

The other options are less valid in this context. Leasing does not provide ownership of the solar panels, which means the homeowner may not be able to take advantage of the full benefits that ownership provides, such as tax credits or incentives. Furthermore, leasing does not inherently increase energy costs; often, lease payments can be equal to, or less than, the savings on energy bills. Lastly, leasing is not specifically more suitable for areas with low sunlight exposure, as leasing options can be beneficial in any climate where solar energy is feasible and economical.