Is Solar Panel Leasing Worth It

You can save between 40 percent and 70 percent on electricity costs over the lifetime of your solar panel system depending on your property and the incentives in your state.

Is solar panel leasing worth it. Let s now talk about the differences between solar panel ownership leasing and purchase power agreements ppas buying solar panels. But leasing fees are pegged to come in below the per kilowatt hour costs of utility produced power. But the finances and ownership of your solar energy system will change depending on whether you decide to own them outright or not. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company.

Naturally solar leasing schemes wouldn t be attractive if the monthly fees for solar energy were equal to or higher than the fees for power obtained from the grid. Some companies also offer power purchase agreements or ppas. Whether you decide to buy your solar panels outright or lease them you ll still get the same clean solar electricity powering your home. We simply do not recommend it.

You receive free electricity for the life of the solar energy system usually 25 to 30 years. Leasing solar panels for your home is not a good idea from a financial perspective. Pay little or nothing and save hundreds of dollars per year on average.