Solar lease payments range from $150 to $200 per month on a standard 25-year agreement. Your actual monthly costs can vary depending on a few factors, including the system size and your energy needs, according to Landon Wimmer, CEO and owner of Empower Home Services. In most cases, the lease payment is below the utility''s average electricity cost.
As with any solar financing option, solar leasing comes with its share of pros and cons: As long as your contract is structured competitively, solar leases should reduce your monthly energy costs compared to what you''d pay your utility company.
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, a third-party owner (typically a solar company) installs solar panels on your property and then sells you the electricity produced at a predetermined monthly rate.
Solar leases offer an alternative path to clean energy without requiring a large initial investment. Instead of buying the system, you pay a fixed monthly fee to use the energy it generates while a third-party company owns and handles maintenance.
Our standardized solar power and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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Use our Solar Lease Calculator to estimate costs and compare options. Discover your monthly payment, total price, and see if leasing is right for you.
Latest developments in solar power technology, energy storage advancements, photovoltaic products, and industry insights from our team of renewable energy experts.
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