Photovoltaic energy storage financing lease

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.

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?

How do Solar Lease companies make money?

All the solar lease providers listed make their money by financing a solar system for your home and then selling you the solar electricity from the panels. In most cases, the companies promise you will save money on your power bills in the first year – a win-win situation.

Should I buy a solar loan or lease?

Owning your panels with a solar loan means that you can take advantage of rebates and incentives upon installation. With a solar lease, the system's owner is the solar company, so they receive financial incentives instead. For this reason (and others), lifetime savings with a solar loan are usually higher than those with 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.

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.