Is a solar lease worth it? Bottom Line. Owning or leasing solar panels both allow homeowners to enjoy utility bill savings while helping the environment. Leasing is better if you want to get started with solar without a large initial investment while owning is the best way to save money long-term.
Should I buy solar or PPA? If you lease the system or sign a power purchase agreement (PPA), a third party owns the solar panel system and you are not entitled to incentives & tax credits. Leasing solar panels is not a good idea, it is far more advantageous to buy and own your solar panels.
Is solar PPA better than a lease? Solar leases have a flat payment each month, and do not change based on the amount of solar energy produced. It is almost always better to purchase your solar panels either with cash or a loan than it is to enter a solar lease or PPA.
Why you should not lease solar panels? We do not recommend solar leasing because:
You do not own your system. It is owned by a third-party company and can be repossessed if you miss payments. You do not get to claim tax incentives, including the 26% federal solar tax credit. Those belong to the leasing company.