Solar Lease vs Buy: Which Is Better?
Buying ($15,000–$25,000 before tax credits) gives you ownership, tax incentives, and max savings. Leasing ($0 down, $50–$150/mo) saves less long-term but has no upfront cost. Buying is better if you can afford it.
Cost Breakdown
| Service | Low | High | Notes |
|---|---|---|---|
| Residential system (6kW) | $12,000 | $18,000 | — |
| Residential system (10kW) | $18,000 | $25,000 | — |
| Federal tax credit (30%) | $-4,000 | $-7,500 | — |
| Battery storage (per unit) | $8,000 | $15,000 | — |
| Annual maintenance | $200 | $500 | — |
Solar Lease vs Buy: Which Is Better?
Buying ($15,000–$25,000 before tax credits) gives you ownership, tax incentives, and max savings. Leasing ($0 down, $50–$150/mo) saves less long-term but has no upfront cost. Buying is better if you can afford it.
Related Questions
How do I find a good solar installation professional?
Check reviews, verify licensing and insurance, get 2-3 quotes, and ask for references from recent projects.
Do I need a permit for solar installation?
It depends on the scope. Most cosmetic work doesn't need permits, but structural, electrical, and plumbing changes typically do. Your contractor should know local requirements.
How can I save money on solar installation?
Get multiple quotes, schedule during off-peak seasons, bundle multiple projects, and ask about payment discounts.