Even if you’re ready to make the switch to solar, you may not be interested in buying a solar panel system. If you’re planning on moving in the future, or you can’t quite financially commit to purchasing solar panels right now, or you’d prefer not to finance solar, leasing is a great option for you. Switching to solar power through a lease allows you to receive all the money-saving benefits of having solar panels without the ownership investment or loan. If you’re interested in leasing, you may be wondering, “What are my leasing options for home solar panels?” You have a couple of options. You can either lease the solar panels themselves or purchase the power they provide through a Power Purchase Agreement (PPA). So, what’s the difference and which one is a better fit for you?
Solar Panel Lease
With a solar lease, you pay a fixed monthly payment for the solar panels and additional equipment. Here, you are leasing equipment that gives you free electricity. You could benefit from the fixed monthly rate, regardless of your high energy usage.
Power Purchase Agreement
With a PPA from Aurora Energy, you only pay for the power that the panels create. This program is somewhat comparable to what you have with your utility company, just much less expensive. The solar energy system is the responsibility of the solar company in terms of repairs, maintenance, etc. Our job is to make sure that the system generates the right amount of power to meet your family’s needs.
No matter which way you decide to lease your home solar panels, you’ll save money every month. Contact us today and ask our solar consultants if leasing solar panels or a PPA is the right choice for you.