Photovoltaic solar panel rental

Should you lease solar panels?

Thankfully, most leases include a ‘power production guarantee’, which means if your panels don’t produce a certain amount of power, you’ll pay less for your monthly lease payment. Although solar leases make panels more accessible by removing the upfront costs, users aren’t able to save as much as they would if they buy the panels outright.

Should you lease a residential solar system?

The steep up-front costs for a residential solar system can make a leasing company's sales pitch sound pretty appealing: Pay little or nothing and save hundreds of dollars per year on average. (The premise is that you save because the combination of your lease payment and your electric bill is less than what you currently pay for power.)

What are the best Solar Lease companies in Los Angeles?

Plus, SunPower guarantees the energy output from the system you lease, which is an additional protection that other companies don’t always provide. Sunrun is another big name you’ll likely come across when researching solar leases in Los Angeles.

How does a solar installer work?

Typically, a solar installer will work with a separate leasing company to offer a solar lease. The installer is responsible for designing, installing, and maintaining the solar panels. Solar leases are very similar to power purchase agreements (PPAs). With both options, a solar developer installs and owns the solar panels on your roof.

Can you sell a solar system under a lease?

Under a solar lease, you won't own your solar system, but will still benefit from its generated electricity. A leased solar system can make selling your home more difficult because the next owner may not want to take over your lease payments. What is a solar lease?

How do Solar Lease companies make money?

All the solar lease providers listed make their money by financing a solar system for your home and then selling you the solar electricity from the panels. In most cases, the companies promise you will save money on your power bills in the first year – a win-win situation.