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Financing & Programs · 6 min read

Solar Lease or Ownership: What to Compare

Solar purchase and lease arrangements have different costs, ownership and responsibilities. Compare the written terms rather than only the headline payment.

Ownership options

A cash purchase or qualifying loan typically gives the homeowner ownership, subject to the agreement. Review total price, loan fees, term, payment schedule and any obligations.

Lease terms

A lease generally means the provider owns the equipment and the homeowner pays according to the lease. Review payment changes, maintenance commitments, home sale provisions, transfer rules and any buyout clause.

Compare the full picture

Include remaining utility costs, total payments over the contract, equipment responsibilities and any tax or incentive questions. Ask a qualified tax professional about tax treatment.

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