Rent local solar panels

Should you lease or rent solar panels?

Leasing or renting solar panels is an increasingly popular option for homeowners who want to take advantage of solar energy without the significant upfront costs of purchasing a system. This approach allows you to benefit from clean, renewable energy while avoiding the responsibilities of system ownership and maintenance.

What is a solar lease?

Solar leases are very similar to power purchase agreements (PPAs). With both options, a solar developer installs and owns the solar panels on your roof. The two differ in how you pay for the solar energy. Solar lease payments are the same every month, whereas solar PPA payments are based on the amount of energy the panels actually produce.

Can a homebuyer transfer a solar panel lease?

Transfer the lease: If you’re moving but don’t want to move your panels or purchase the system outright, you can try to transfer the lease to whomever buys your home. However, the homebuyer would have to assume the terms of the lease.

Does Sunrun offer a solar lease?

Although Sunrun has several purchasing options — including cash, loans, leases and PPAs — it focuses on solar leasing. You can choose between a monthly or a prepaid 25-year lease with a lower total cost. In both cases, you receive free solar panel maintenance for the term of the lease.

Can I lease a solar energy system?

You can use all the electricity generated by the solar energy system, and your monthly power bill decreases as a result. Leasing typically follows these guidelines: The company that provides your lease is responsible for solar panel installation and will provide ongoing system maintenance.

What are the best Solar Lease companies in Los Angeles?

Plus, SunPower guarantees the energy output from the system you lease, which is an additional protection that other companies don’t always provide. Sunrun is another big name you’ll likely come across when researching solar leases in Los Angeles.