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Solar loan or solar lease - any advice?

asked 2015-04-03 00:20:22 -0500

immanuel gravatar image

Is there any way in which a solar lease is better than a solar loan? I've got quotes for both and it seems obvious to me that the loan is the way to go. But given how much I've heard about how popular leases are, I'm wondering if there's something I'm missing? Any thoughts? Experiences?

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answered 2015-04-07 14:33:10 -0500

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updated 2015-04-07 14:33:10 -0500

energysage gravatar image

Hi immanuel,

A solar loan will almost always save you more money on our electricity bills in the long run than a solar lease or power purchase agreement (PPA) - purchasing your system outright will save you the most of all the options (provided you make sure you find a good deal).

There are lots of pros and cons when it comes to leases vs loans. EnergySage wrote an in-depth piece on the topic from a while back which should answer any other questions that you have about either program. Click the link below to read it:

Comparing solar loans vs solar leases.

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Asked: 2015-04-03 00:20:22 -0500

Seen: 318 times

Last updated: Apr 07 '15