| Understanding Solar Leasing
Do you remember those $10,000 satellite dishes people put in their yards before DirectTVTM came along and put the little dish on your roof?Today you just pay a monthly fee for TV service. You didn’t buy the little satellite dish on your roof. You don’t own it — if you doubt that, just try not returning it when you terminate the service. History is repeating itself with leased solar. You just pay monthly for the service. Additionally, because of the way solar leasing rates are structured, your electric bills will be lower and you will have no annual rate increases* — because the sun doesn’t change its rates. [*Though, some solar leasing companies have annual escalators.] Buy vs Lease First let me ask, if you pay your electric bill for 10 years, do you expect to have an asset at the end of that time? That point being put on the table, some people still want to address the question of “Buy vs Lease”. The “buy solar” option should be compared to buying and installing the satellite dish in your yard. Why would you do that? You probably wouldn’t tie up the capital for 10-20 years and go through the hassles of installation, permitting, and |
maintenance? There are good reasons why buying may not be a good option.The lease option assumes that, having other things to do with your capital and your time, you have already made the decision to stay with having electrical service provided. Leasing a solar system is really a matter of swapping one source of electricity for another while saving your money and your planet.With a leased solar system, you are going to be your own provider via hassle-free leased equipment.
You will swap paying your utility company for paying (less, noticeably less) to the solar leasing company. It is about lowering your electric bill, while trading in your dirty electric source, for a renewable source, with no capital investment, no inconvenience, and no change to your life style. If leasing is available in your area, and your house is suitable, the real question is, why wouldn’t you? |
Home » Buy vs Lease
Buy vs Lease – Apples to Oranges

