{"id":2563,"date":"2022-10-17T08:55:29","date_gmt":"2022-10-17T08:55:29","guid":{"rendered":"https:\/\/ledask.com\/?p=2563"},"modified":"2022-10-18T08:29:54","modified_gmt":"2022-10-18T08:29:54","slug":"solar-lease-vs-ppa","status":"publish","type":"post","link":"https:\/\/ledask.com\/solar-lease-vs-ppa\/","title":{"rendered":"Solar Lease vs. PPA: A Comparison Between Long-Term Solar Financing Options"},"content":{"rendered":"\n

If you are a home or business owner who has decided to go green and invest in solar, you’re heading in the right direction. But making that decision is the easy part. Solar is not cheap. You will have to pay a significant sum to harness the sun’s power. But there is a workaround. Solar lease vs. PPA (power purchase agreements) can get you solar energy without investing a big chunk of your money. In this article, we will compare solar lease vs. PPA to show you the options each agreement gives you. Take a look!<\/p>\n\n\n

What is a Solar Lease?<\/h2>\n\n\n

Also referred to as a solar service agreement, a solar lease<\/a> allows customers to bypass the upfront costs of buying and installing solar panels. Instead, the customers make monthly lease payments to power their homes using solar energy.<\/p>\n\n\n\n

The lease agreement gives the solar company ownership of the solar panels. But you can use all the electricity generated from the solar panels on your roof.<\/p>\n\n\n\n

\"Solar<\/figure>\n\n\n\n

Solar panels on a tiled roof<\/em><\/p>\n\n\n\n

Leases take anywhere from 10-25 years, and you pay a fixed amount each month regardless of the power generated by the solar system.<\/p>\n\n\n\n

The solar lease payments are usually less than what you pay as the average electric utility bill monthly. Therefore, you should start saving from day one.<\/p>\n\n\n\n

When the lease expires, you have the following options.<\/p>\n\n\n\n