Is a solar lease worth it? Leasing solar panels for your home is not a good idea from a financial perspective. We simply do not recommend it. 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.
Which is better solar lease or PPA? With a solar lease, your payment would stay the same throughout the year, no matter how much or how little power the solar panels produced. While leasing might not save you as much as a PPA could in the long term, having one flat lease payment makes paying for your electricity much easier.
What is the downside of leasing solar panels? A big disadvantage of leasing solar panels is the long-term savings opportunity. Since you pay the solar company every month for the length of your lease, you will save money on your energy bills, but it’s typically not as much in the long-term compared to owning the panels yourself.
Why leasing solar is a good idea? Leasing solar panels makes the switch to solar energy more attainable for customers who may not have the cash reserves required for the upfront investment in solar panels. However, unlike buying solar panels, or using a payment plan toward the purchase of solar panels, leasing solar panels means you do not own them.