Lease To Own Solar Panels

Every person s situation is different and what is best for your property depends on a wide range of factors.

Lease to own solar panels.

Instead you only pay for the electricity the solar panels. This is because even though the solar panels are on your roof you don t own the solar panels. One of the biggest disadvantages of solar leases is that you don t get to take advantage of certain solar panels most notably the federal investment tax credit which will save you 26 of the total cost of the solar panel installation costs. Solar leases make solar accessible to homeowners who might not have the funds to go solar.

Sunrun pioneered the solar lease ppa in 2007 allowing homeowners to go solar for 0 down. Here s why you might want to lease solar panels instead of buying or financing them. Going solar has never been easier but one of the hardest questions to answer is deciding whether you want to own or lease your system. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power.

If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. The energy will be generated on site via clean solar energy and the customer sees some level of bill savings. J ulie griffiths wanted to reduce her carbon footprint by installing solar panels. 1 it gives you the same dependable power as solar ownership but with the added benefits of a professionally managed and maintained system daily monitoring and a solar production guarantee.

Solar leasing has quickly become the most popular way of helping homeowners reap the benefits of solar energy. With both leasing and ppas you don t pay any upfront costs for your panels and you can typically save on your utility rate. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. A solar lease is very similar to your current utility bill.

Deciding whether to own or lease your solar energy system. A solar lease is a financing option that allows you to get solar panels installed on your roof without having to worry about the upfront cost of a solar system. Tax credits and incentives. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.