Should you rent or lease solar panels?

When you rent or lease solar panels, the leasing company benefits from federal solar tax credits of 26% and various other state tax incentives instead of you. This means that your journey to producing free, green electricity from your own panels will be longer.

What is a solar lease vs PPA?

A Power Purchase Agreement (PPA) is a specific type of solar lease, where you pay a solar leasing company based on the number of kilowatt-hours (kWh) your solar panels produce. Solar lease vs solar PPA.

Is leasing solar panels worth it?

Determining whether leasing solar panels is worth it depends on various factors. While it eliminates the need for upfront costs and offers potential savings on electricity bills, it's essential to consider the long-term financial implications and the limitations of not owning the system.

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?

What are the advantages of a solar lease?

The three main advantages of a solar lease are: Saving money on electricity: With a solar lease, you'll save on electricity costs throughout your agreement. Low or no upfront costs: Unlike a cash purchase, solar leasing setups allow you to go solar without paying much (if any) money upfront.

Should you lease a residential solar system?

The steep up-front costs for a residential solar system can make a leasing company's sales pitch sound pretty appealing: Pay little or nothing and save hundreds of dollars per year on average. (The premise is that you save because the combination of your lease payment and your electric bill is less than what you currently pay for power.)