Buying Versus Leasing Solar Panels

Tax credits and incentives.

Buying versus leasing solar panels.

The solar panels become the property of the purchaser after the funds are transferred. Ownership is significant because you can take advantage of the federal tax credit and an increase in equity to your home. The primary difference between buying or leasing a solar pv system is around ownership. Buying involves purchasing the solar panels for domestic or commercial use using the buyers own or borrowed funds.

Buying solar panels long term savings. First understand the difference between buying and leasing. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. If you don t buy the company you lease from remains the owner of the solar panel system and therefore receives the long term financial benefits.

Leasing solar panels from a solar provider merely give you benefits as a renter of the energy system. The main practical distinction between buying and leasing a solar pv system is in ownership. We will discuss the pros and cons in this article but first we must address one fact. A lease allows you to take advantage of immediate savings with 0 upfront costs.

However when you buy. Whether you lease or buy solar panels you will save money on your energy bill. The only way to receive a 30 federal tax credit on the cost of your solar energy system is if you buy your panels. Major difference between leasing or buying solar panels.

Difference between leasing vs buying solar panels.