Should you lease or buy solar panels?

Homeowners do get to take advantage of net metering, so the solar panels still lower or eliminate their electric bill. Solar leases provide predictable monthly payments, increase access to solar, and have no maintenance costs for the homeowner.

Can you sell a solar system under a lease?

Under a solar lease, you won't own your solar system, but will still benefit from its generated electricity. A leased solar system can make selling your home more difficult because the next owner may not want to take over your lease payments. What is a solar lease?

Can you get a federal solar tax credit if you lease?

You aren’t eligible for the federal solar tax credit if you lease your solar panels, which means you lose out on thousands of dollars of savings. Under a solar lease, you won't own your solar system, but will still benefit from its generated electricity.

What is a solar PPA / lease?

Solar PPAs or leases are best for those with financial restrictions who still want to power their home with solar energy and reduce their carbon footprint. Some of the best solar installers offer their own financing, often through a third-party lender that they partner with.

What should you look for in a solar lease?

An annual escalator is another essential thing to look out for in a solar lease. These are becoming less common, but if included, they will increase your monthly payment by a preset rate over your term length (typically 1-5% each year). As with any solar financing option, solar leasing comes with its share of pros and cons:

What should you know about solar leasing?

The most important thing to know about solar leasing is with respect to ownership. For a fixed rate or fee that is calculated or determined by the leasing company, you can have solar panels installed on your home.