Buy Or Lease Solar Power

Deciding whether to buy or lease your solar panels can be a tough choice.

Buy or lease solar power.

Before making the best purchase decision the concerned buyer needs to understand the pros and cons of leasing or buying solar power and the main challenges they will face. Be the owner. Power costs have spiraled and reliability and availability have decreased in many areas. Buying solar panels has many advantages.

If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. When you lease a solar system or enter into a power purchase agreement ppa you do not own the system and are simply renting it from the installer. Both options have certain advantages but evaluating your personal goals and preferences is the only way to know which is right for you.

It s important to do your homework when considering whether to buy or lease your solar panels. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. But the finances and ownership of your solar energy system will change depending on whether you decide to own them outright or not. Financially buying your own solar panels makes the most sense since it.

Solar power is an obvious choice to supplement or replace the existing supply. Let this serve as a useful guide to help you evaluate the best fit for your specific situation.