Does Solar Panel Leasing Make Sense

When it comes to leasing or buying solar panels the perfect option for you and your energy needs will depend on your financial goals and preferences.

Does solar panel leasing make sense.

The payback period to recoup the cost of the system would simply be too lengthy. It just wouldn t make economic sense assuming you own rather than lease the solar panels. We simply do not recommend it. The main practical distinction between buying and leasing a solar pv system is in ownership.

A solar lease may sound great on the surface but take the time to do the math and you ll probably change your mind in a hurry. Like other financing tools solar leasing has its place in the home improvement industry along with same as cash financing helocs home equity lines of credit and collateralized seconds. When you purchase instead of lease a solar system it dramatically raises your home s value as soon as you install it. Leasing solar panels for your home is not a good idea from a financial perspective.

On the other hand if your main reason to install solar is to cut pollution not save money then solar would make sense. Solar leasing can make sense for certain consumers. By scott gordon may 18 2015. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.