Is Solar Panel Leasing Worth It

Let s now talk about the differences between solar panel ownership leasing and purchase power agreements ppas buying solar panels.

Is solar panel leasing worth it.

Pay little or nothing and save hundreds of dollars per year on average. In most cases you ll save much more money in the long run by exploring other financing options like an fha title 1 loan or a traditional loan from your personal bank. You receive free electricity for the life of the solar energy system usually 25 to 30 years. Some companies also offer power purchase agreements or ppas.

Leasing solar panels for your home is not a good idea from a financial perspective. But leasing fees are pegged to come in below the per kilowatt hour costs of utility produced power. But the finances and ownership of your solar energy system will change depending on whether you decide to own them outright or not. The steep up front costs for a residential solar system can make a leasing company s sales pitch sound pretty appealing.

Whether you decide to buy your solar panels outright or lease them you ll still get the same clean solar electricity powering your home. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. We simply do not recommend it.