Best solar lease program

Is solar leasing a good idea?

There are many benefits to going solar, but solar leasing also offers its own unique set of benefits. First, it reduces a customer’s upfront costs to install panels, often to $0. Using a solar lease means the maintenance and liability to damaged panels rests on the solar company rather than the homeowner.

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.

What is solar leasing?

Solar leasing is a financing option through which customers pay a monthly fee for the panels and get to use the power the system produces. They do not, however, own the panels.

Should you lease or buy a solar system?

But leasing might be best if you don’t have the upfront cash for an installation, can't use the federal solar tax credit or don’t qualify for loan options. Of the big leasing companies, our pick is SunPower, as it has the best review scores among large national leasing companies.

Is a solar lease agreement worth it?

Of course, nothing in life is completely free. With a solar lease agreement or PPA, the cost of the solar panels is figured into your monthly bill and spread out over time. But this makes the overall payment much more convenient. Overall, both of these approaches offer some very appealing ways to save.

What does a solar lease company do?

No worries about repairs or maintenance: The solar lease company is responsible for repairing the panels and performing solar maintenance on the panels. Predictable payments: You know exactly what you’ll pay each month; it’s specified in the lease contract.