Lease vs. Purchase: Your Path to Solar
Making the right choice between leasing and buying a solar system is the first step toward energy independence. We'll help you decide.
Comparing Your Options
Both leasing and purchasing offer unique benefits. Here's a side-by-side look to help you understand the key differences.
Solar Lease
- ✓ Zero Upfront Cost: Get started with solar with little to no money down.
- ✓ Hassle-Free Maintenance: We cover all repairs, maintenance, and insurance for the life of the lease.
- ✓ Predictable Monthly Payments: Enjoy a low, fixed monthly rate for your electricity.
- ✓ Performance Guarantee: The system's production is guaranteed, ensuring you get the energy you pay for.
- ✗ No tax credits or incentives for the homeowner.
- ✗ Does not add to the resale value of your home.
Solar Purchase
- ✓ Full Ownership: The system is your asset and adds significant value to your home.
- ✓ Federal & State Incentives: Take advantage of tax credits that can cover a large portion of the cost.
- ✓ Eliminate Electric Bills: Produce your own power and say goodbye to utility payments.
- ✓ Earn Solar Credits: Sell excess energy back to the grid for a profit (SRECs).
- ✗ Higher initial investment required.
- ✗ You are responsible for system maintenance after the warranty period.
The Long-Term Value of Owning Solar
Purchasing a solar system is an investment in your future. Here's why it pays off.
Maximum ROI
Owning your system delivers the highest return on investment, with many systems paying for themselves in 5-8 years.
Increase Property Value
A purchased solar system can increase your home's value by an average of 4%, without increasing your property taxes.
Energy Independence
Protect yourself from rising electricity rates and take control of your energy future for decades to come.
Frequently Asked Questions
If you sell your home with a solar lease, you typically have two options: transfer the lease to the new homeowner or buy out the remainder of the lease. Transferring the lease is common, but the new owner must meet credit requirements and agree to the terms.
Most solar leases, often called Power Purchase Agreements (PPAs), require little to no upfront cost. You pay a fixed monthly rate for the energy the panels produce, which is often lower than your current utility bill.
With a solar lease, the solar provider owns the system and is responsible for all maintenance, repairs, and performance monitoring. This offers a hassle-free experience for the homeowner.
When you purchase a solar system, you are eligible for federal tax credits, state incentives, and an increase in your home's value. Plus, you eliminate your electricity bill, and the excess energy your system produces can be sold back to the grid.
Solar panels are incredibly durable and come with a 25-year performance warranty. With proper installation and minimal maintenance, your system can continue to produce clean energy for 30 years or more.
Yes, studies have shown that homes with owned solar panel systems sell for more than homes without them. It's a significant investment that adds tangible value to your property.
Ready to Go Solar?
Whether you're ready to buy or interested in a lease, our solar experts are here to help. Contact us today for a free, no-obligation consultation.
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