Does Solar Panel Leasing Make Sense

The payback period to recoup the cost of the system would simply be too lengthy.

Does solar panel leasing make sense.

In most cases you ll save much more money in the long run by exploring other financing options like an fha title 1 loan or a traditional loan from your personal bank. 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. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. 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.

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. The main practical distinction between buying and leasing a solar pv system is in ownership. By scott gordon may 18 2015. We simply do not recommend it.

On the other hand if your main reason to install solar is to cut pollution not save money then solar would make sense. In my last article i may have seemed unwaveringly against solar leasing and ppa s but nothing could be further from the truth. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. Solar leasing can make sense for certain consumers.