Lease vs Purchase

PPA Solar Lease:

  • No upfront costs
  • Non-ownership
  • Financier receives any tax credits or incentives
  • Lower bill immediately
  • No maintenance or repair responsibility
  • Insurance paid by financier
  • Guaranteed kWh rate for 25 years

Purchase:

  • Ownership of system
  • Customer gets all tax credits and other incentives such as Maryland $1,000 Clean Energy Grant and any local tax credits
  • Customer owns the SRECs (Solar Renewable Energy Credits)
  • Customer is responsible for any additional home insurance for solar (may be very small amount or nothing)
  • If requiring a Solar Loan, 5-25 year plans are available with varying interest rates