The Pros and Cons of Leasing versus Buying Solar Panels

There are three common financing options for a home solar energy system: buy it, lease it, or buy the solar power through a Power Purchase Agreement (PPA).  Leasing and PPAs offer similar financial benefit.  All options will reduce your energy costs.  However, some financial strategies may better fit your situation. Below are the pros and cons of leasing versus buying. Lease: Essentially renting a solar system from a third party. Pros No up front costs Repairs included Maintenance included fixed predictable monthly payments Cons Not as much savings compared to buying 20-year contract typical PPA: Buying the power from a Read More