What is the difference between buying and leasing a solar panel system?

Are you interested in reaping the advantages of renewable energy, but don’t want to pay $6000-$7000 upfront cost for owning the solar panel system? If that suits you, leasing solar panels or purchasing power via a PPA (Power Purchase Agreement) may be a choice. Here’s why you may want to lease solar panels instead of buying or financing them.

Both a solar lease and PPA are reasonably priced, simple methods to enjoy solar energy without a big upfront investment. With both leasing and PPAs, you do not pay any upfront prices on your panels, and you can save on your utility rate. Moreover, you don’t have to worry about the installation, maintenance, and warranty.

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