Buying vs Leasing Solar Panels
Home — Honest comparison to help you decide
Buying
- ✓ Own the system (adds home value)
- ✓ 30% federal tax credit (yours to keep)
- ✓ Higher long-term savings
- ✓ No monthly lease payments after payoff
- ✓ 25-year warranty included
VS
Leasing
- ✓ Zero upfront cost
- ✓ Maintenance included
- ✓ Lower risk (company handles issues)
- ✓ Move out? Transfer or cancel lease
- ✓ Immediate savings day one
The Verdict
Can afford upfront or get a solar loan: buying saves 40-70% more over 25 years. Cannot afford upfront and want immediate savings: leasing still beats doing nothing.