Definition
Solar leasing puts panels on your roof with the solar company handling maintenance and operations while you benefit from reduced electricity costs. You lock in electricity rates that don't increase as much as utility inflation. There's no upfront cost, but you're committed long-term.
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Solar leases provide clean energy with no upfront costs. Leases transfer with property, benefiting future owners. Solar lease rates may exceed utility inflation, reducing benefits over time. Solar lease should be carefully evaluated for terms and flexibility.
Pro Tip
Solar leases benefit you but also affect resale value. Verify terms are transferable to buyers and that rates remain competitive over the lease term.
Example
A home with 20-year solar lease reducing electricity costs by 25% with no upfront investment.