Is It Better To Own Or Lease Solar Panels

The main difference between buying and leasing a solar system is who owns the system.

Is it better to own or lease solar panels. But the finances and ownership of your solar energy system will change depending on whether you decide to own them outright or not. When you buy solar panels whether it be with cash or through a solar loan you are the owner of the solar panels. Leasing can be considered to be more affordable in some circumstances. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.

Whether you decide to buy your solar panels outright or lease them you ll still get the same clean solar electricity powering your home. The solar leasing lease companies own the power that your panels generate so although you will get a reduction in your monthly bill you will still be obligated to continue to pay the 80 90 utility payment to the solar leasing company. Many leases contain an. The solar leasing companies own the solar panels so they not you get the 30 federal tax credit.

The main practical distinction between buying and leasing a solar pv system is in ownership. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.