Rent solar panels

Should you lease or rent solar panels?

Leasing or renting solar panels is an increasingly popular option for homeowners who want to take advantage of solar energy without the significant upfront costs of purchasing a system. This approach allows you to benefit from clean, renewable energy while avoiding the responsibilities of system ownership and maintenance.

How does a solar lease work?

Instead, a homeowner makes a monthly lease payment to the solar company in exchange for the solar energy. The solar panels reduce your electricity bill, and the lease payment is designed to be lower than your pre-solar electric bill. But, just because there are no upfront costs doesn't mean a solar lease is the best way to go solar.

Is a solar lease right for You?

A solar lease can help you avoid hefty upfront installation costs and enable you to benefit from energy savings sooner. However, it can also negatively impact solar incentive savings and home value. We researched the pros and cons of solar leasing and how it compares to other financing options so you can deci de if a solar lease is right for you.

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?

What's the difference between a solar lease and buying solar panels?

The key differences between a solar lease and purchasing a solar system are around ownership. When you buy panels, you become their owner. With a lease, ownership is retained by the company that installed them. Therefore, you won't get any tax credits. Considering Solar Panels?

How does a solar installer work?

Typically, a solar installer will work with a separate leasing company to offer a solar lease. The installer is responsible for designing, installing, and maintaining the solar panels. Solar leases are very similar to power purchase agreements (PPAs). With both options, a solar developer installs and owns the solar panels on your roof.