Vs Buy | Solar Power Lease

The leasing company acts as the owner, so they claim the 30% tax credit and any state incentives. In exchange, you pay a fixed monthly "rent" for the equipment, which is usually lower than your previous utility bill. 2. Maintenance and Performance

You have the capital (or qualify for a loan), you can benefit from a large tax credit, and you want to maximize the long-term value of your property. solar power lease vs buy

Modern solar panels are highly durable and usually come with 25-year performance warranties. However, if a component like an inverter fails outside of warranty, the repair cost is yours. The leasing company acts as the owner, so

A lease can be a hurdle during a sale. The buyer must agree to take over the lease and meet credit requirements. If they refuse, you may be forced to buy out the remainder of the lease to close the sale, which can cost thousands. Final Recommendation Maintenance and Performance You have the capital (or

You cannot take advantage of tax credits (e.g., you have low tax liability), you prefer a "hands-off" maintenance approach, or you want immediate savings without any upfront investment.

A purchased system typically pays for itself in 6 to 9 years . After that, the electricity generated is essentially free for the remainder of the system's life (25+ years).