Is It Better To Own Or Lease Solar Panels

Whether you decide to buy your solar panels outright or lease them you ll still get the same clean solar electricity powering your home.

Is it better to own or lease solar panels. The main difference between buying and leasing a solar system is who owns the system. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. The main practical distinction between buying and leasing a solar pv system is in ownership. With a solar lease or solar power purchase agreement solar ppa you don t have to pay any upfront costs to install solar panels on your roof.

For example if the homeowner would like to enjoy the benefits of a solar panel system but does not want to commit to paying the full price for the system overall then leasing will allow them to make low priced monthly payments. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. People who lease their solar systems save far less than those who buy them outright or with a loan they also miss out on federal tax benefits and any local incentives. Leasing can be considered to be more affordable in some circumstances.

The solar leasing companies own the solar panels so they not you get the 30 federal tax credit. When you buy solar panels whether it be with cash or through a solar loan you are the owner of the solar panels.