Solar power leasing companies

What does a solar lease company do?

No worries about repairs or maintenance: The solar lease company is responsible for repairing the panels and performing solar maintenance on the panels. Predictable payments: You know exactly what you’ll pay each month; it’s specified in the lease contract.

Should you lease or buy solar panels?

Compare Quotes From Top-rated Solar Panel Installers “By leasing solar, Americans can avoid upfront costs and could start saving immediately,” says Wyatt Semanek, Public Relations Manager at Sunrun, a U.S.-based provider ranked on our best solar companies list that provides residential solar electricity and solar power services across 12 states.

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.

How much does a solar lease cost?

Roughly, a solar lease will cost between $50 and $250 a month, based on a few factors, including the size of the system and where you live. "The most important thing is that your annual lease payment costs and your utility bill costs are lower than what you used to pay annually for electricity," Ramsden said.

What is solar leasing?

Solar leasing is a financing option through which customers pay a monthly fee for the panels and get to use the power the system produces. They do not, however, own the panels.

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.