Purchase vs Lease vs PPA (Power Purchase Agreement)

Solar Ownership

A purchase means that you either pay cash or finance your solar system. You own it and get all of the benefits associated with ownership. Stop renting your power and build equity in something that will pay itself off.

  • Zero up-front cost (Financed)

  • Zero installation cost

  • Obtain Federal Income Tax Credits

  • Increase Home Value per HUD Guidelines (Property Tax Exempt Value)

  • Strong Guaranteed Return on Investment

  • Immediate monthly savings (for zero down finance programs)

  • 25-30 Year Panel Production Guarantees

  • Transferable warranties

  • Huge long term savings

  • Increase Marketability of Home

  • Eliminate your electric bill — become immune to utility rate hikes, tiered billing, and utility inflation!

  • Cash rebates, SRECS (sellable renewable energy credits), and PBI’s (performance based incentives) available in some markets

Solar PPA

A solar PPA stands for “Power Purchase Agreement.” The agreement allows you to purchase the electricity generated directly from the solar system at a much cheaper rate than the utility company.

  • Zero up-front cost

  • Zero installation cost

  • Low rate protection for 20-25 years

  • Performance guarantees

  • Transferable when you sell the home

  • Maintenance, Repairs, Monitoring, all included during the entire 20-25 years

  • Homeowner does not claim any tax benefits, state rebates or renewable energy credits

  • Option to buy system at fair market value after 5 years, when you sell your home, or at other predetermined times (Price determined by a 3rd party appraiser)

  • Credit score typically needs to be 650+

  • When your agreement ends, you can either buy the system outright, have the PPA company remove it, or renew the agreement for a longer duration

Solar Lease

A solar LEASE allows you to pay a fixed monthly lease payment or “rent,” which is calculated using the estimated amount of electricity the system will produce, in exchange for the right to use the solar system.

  • Zero up-front cost

  • Zero installation cost

  • Low rate protection for 20-25 years

  • Performance guarantees

  • Transferable when you sell the home

  • Maintenance, Repairs, Monitoring, all included during the entire 20-25 years

  • Homeowner does not claim any tax benefits, state rebates or renewable energy credits

  • Option to buy system at fair market value after 5 years, when you sell your home, or at other predetermined times (Price determined by a 3rd party appraiser)

  • Credit score typically needs to be 650+

  • When your agreement ends, you can either buy the system outright, have the leasing company remove it, or renew the agreement for a longer duration

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