Solar Lease

A solar lease is similar to renting solar panels from the solar company. The upside to solar leasing is that there is no down payment required. With a solar lease, the monthly payment will be a set amount, based off of the average electricity used in the past. You will always know how much your monthly electric bill will be. The downside is that even if electricity becomes cheaper, or you are away for awhile, you still pay the same amount. You will also never own the solar panels on your roof. You will also not be eligible to claim the investment tax credit on your taxes.