Solar Power Lease — Vs Buy

You have the capital (or qualify for a loan), you can benefit from a large tax credit, and you want to maximize the long-term value of your property.

Because the provider owns the equipment, they are responsible for monitoring and maintenance. Most leases include a performance guarantee , ensuring the system produces a specific amount of power or you receive a credit. 3. Long-Term Return on Investment (ROI) solar power lease vs buy

The leasing company acts as the owner, so they claim the 30% tax credit and any state incentives. In exchange, you pay a fixed monthly "rent" for the equipment, which is usually lower than your previous utility bill. 2. Maintenance and Performance You have the capital (or qualify for a

A purchased system typically pays for itself in 6 to 9 years . After that, the electricity generated is essentially free for the remainder of the system's life (25+ years). solar power lease vs buy