Solar Lease

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A solar lease is much like a car lease. Someone else owns the equipment, and you pay a monthly fee.  A solar lease differs from a solar power purchase agreement in that you are paying for the equipment not just paying for the energy that the equipment produces. Also, a residential solar PPA will often have a fixed monthly cost for the life of the agreement while the lease will usually increase over time (although at a set amount, and probably less than electricity costs will.)  However, all in all, they are very similar.

Again, a solar lease is very compelling because it’s easy to evaluate. If your monthly lease costs are cheaper than your savings on electricity costs, it’s a no-brainer.

Currently, SolarCity is the only company who offers a leasing program, and only for their own solar customers.  However, third party lease options for home solar systems will probably become available before the end of 2009, and we will certainly provide these as an option.