Technical FAQs 4

How much does a solar lease cost?

Solar lease payments range from $150 to $200 per month on a standard 25-year agreement. Your actual monthly costs can vary depending on a few factors, including the system size and your energy needs, according to Landon Wimmer, CEO and owner of Empower Home Services. In most cases, the lease payment is below the utility's average electricity cost.

What factors determine a solar lease price?

The size of your solar system, home condition, credit score and presence of escalator clauses are key factors that determine your lease price. Solar leases offer maintenance-free solar with no upfront costs but have drawbacks, including limited long-term savings and potential home sale complications.

What is a solar lease?

A solar lease is a contract between a homeowner and a solar company that allows the user to have solar panels installed on their property with low upfront costs – or none at all. In return, the homeowner pays a fixed monthly lease payment, which is calculated using the estimated production of the system.

Are solar leases a good idea?

Solar leases are a great way for everyone to benefit from solar energy – especially those who can’t afford the upfront costs. Most lease suppliers provide the option of a no-cost upfront payment, whilst others offer the option to pay for just part of the system.

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