Solar Leasing

Lease a solar panel system with no upfront cost and save 10% on your monthly electricity bill.
This is a good way to go solar if you want to pay nothing up front. You can lease your solar panels with no money down if you qualify wiht excellent credit, and they will be installed for free! Generally there is no purchase price on either the panels themselves, or the installation to get them on your roof. All you would do is pay a set fee every month to have them there. You are essentially renting your roof to the solar lease company.

The company that installs your panels will charge you a fixed monthly price for 10 to 20 years worth of electric service, and during that time, they will handle all maintenance and repairs if needed. You will still pay your electric bill, but with the solar panels generating electricity on your roof, your bill will be lower. If the panels produce more power than you use, it gets fed back into the grid.

Most solar lease customers realize a savings of 10% over the life of their solar panels, but that is NOT gauranteed and you could end up paying more for renewable energy. When the lease is up, you have the option to pay off the value of the panels. After that point, with the panels still generating power, you may not have an electric bill anymore.



These leasing arrangements are cropping up all over the US, and our Free Clean Solar installation pros can tell you if solar leasing is available in your area. This might be a terrific way to defer the cost of pollution free solar energy and get it done now.

There are some disadvantages to leasing your home solar system.

Rent vs Own. You will not own the solar panel system on your roof or property.

Save Less. The greatest solar cost savings will go to the solar lease company.

No Tax Incentives. You will not receive tax credits, solar rebates or other solar incentives.

No Home Value Increase. Your house value will not increase or appreciate because of the solar panels with a leased system.

Long Term Contract. Solar lease programs require you to sign a long term contract for up to 20 years.

Balloon Payments. At the end of the contract you will be required to buy the system, sign another lease, or have the system removed from your roof.

Not Easily Transferred. To sell your property, you will be required to make a balloon payment, pay early termination penalties or entice the new buyer to sign a contract with the solar lease company.

Credit Requirements. Solar leases typically require a very high FICO credit score.

Beware Inflated Prices. The solar panel costs are typically higher with a solar lease.

Owning your home solar system, whether by paying cash or financing, provides you with the greatest savings. See our solar financing page to compare owning vs leasing your solar panels.