Power company rent my solar panels

Should you buy or lease a solar panel?

Choosing the right solar panel financing option will make going solar more affordable and extend your long-term benefits. 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.

Can you move solar panels if you buy a house?

If you decide to move, your options may include transferring the lease and payments to the buyer of your home, moving the solar panel system to your new home, or paying to remove the solar panels from your roof. By leasing solar panels, you replace your monthly utility bill with a monthly equipment lease payment and pay no cash up front.

How do I get affordable solar panels?

There are two main ways homeowners can get affordable solar panels—by signing a solar panel lease, or pursuing a Power Purchase Agreements (PPA). The primary differences between them are: Of course, nothing in life is completely free.

Should you lease or own a solar system?

Leasing a solar system usually provides less financial benefit in the long term than owning your system outright. Your monthly payments aren’t paying down a loan balance, nor will you own the system when the lease ends. Since most of your payments go toward leasing fees, you’ll have lower electric bill savings and a lower ROI.

Can I lease a solar acreage?

Since most solar leases are paid on a per acre per year basis, the larger your parcel is, the more you could make when you lease your land to a solar developer. Not all of your acreage may be suitable for solar panels. Exclusion zones can be thought of as land that solar equipment cannot be placed on for one reason or another.

How can a local solar energy company help you?

A local solar energy company will handle the installation and maintenance of your solar panels. They may even offer additional warranties, insurance, and complimentary repairs. Again, take a close look at the terms. In some cases, you remain responsible for replacement of failing equipment.