Solar power leasing companies

What is a solar lease?

You can think of a solar lease like a car lease – it’s a form of third-party ownership (TPO) where you don’t own the product that you’re paying for. Under a solar lease, this third-party owner (e.g., a solar company) installs solar panels on your property and then sells you the electricity produced at a predetermined monthly rate.

Should you lease or buy solar panels?

Homeowners do get to take advantage of net metering, so the solar panels still lower or eliminate their electric bill. Solar leases provide predictable monthly payments, increase access to solar, and have no maintenance costs for the homeowner.

Can you sell a solar system under a lease?

Under a solar lease, you won't own your solar system, but will still benefit from its generated electricity. A leased solar system can make selling your home more difficult because the next owner may not want to take over your lease payments. What is a solar lease?

Are solar leases worth it?

Solar leases are a common way to cover the costs of installing a solar energy system, but they also come with some very real downsides that are important to understand. Leases can cause more trouble than they’re worth, so it's essential to conduct research before signing any contract.

Is solar leasing a good idea?

There are many benefits to going solar, but solar leasing also offers its own unique set of benefits. First, it reduces a customer’s upfront costs to install panels, often to $0. Using a solar lease means the maintenance and liability to damaged panels rests on the solar company rather than the homeowner.

Which solar leasing companies are the best?

Also keep in mind, many of these companies are regionally exclusive, so look for the best available to you. Sungevity is a partner of Kaco New Energy USA and has become one of the most common names in solar leasing.