Pros Of Owning Solar Panels VS. Leasing Solar Panels

Man,shows,his,family,the,solar,panels,on,the,plotPros Of Owning Solar Panels VS. Leasing Solar Panels

Owning solar panels is the best way to get started with solar energy. It also saves you money in the long run, as ownership allows you to take advantage of federal and local tax credits. If you are unsure about whether buying or leasing is right for you, you should talk to a professional energy advisor. This will help you determine the best solution for your home and budget!

Property Value

There are many benefits to owning your solar panels, including the ability to take advantage of federal tax credits and renewable energy certificates (SRECs) if you sell them in the future. Buying is best for home owners who want to take full advantage of the savings solar can provide. For example, if you purchase your system, you’ll be able to deduct 30 percent of the cost from your federal taxes [8]. In addition to that, owning solar will add value to your home, which can increase its resale price and make it easier for you to find a buyer if you decide to sell in the future. Leasing, on the other hand, does not increase your property’s value, which can make it harder to sell in the future.


Solar panels are a great way to go green and save on your energy bills. But there are some things to consider when choosing between leasing and owning your panels. Leasing panels is often more affordable than buying them outright, and it’s also less risky for those with poor credit. However, the disadvantage of having long-term contracts with solar panel companies is that you’ll have to deal with them if you ever need to sell your home or refinance. These contracts usually last for 20 years or longer. Furthermore, they may also have price escalators that will increase your payments each year. This can cut into any savings you might have made with the system.


With no moving parts, solar panels are designed to last for 20-30 years with minimal maintenance. However, you should always check on the condition of your system at least once a week to ensure that it’s working properly. If a panel isn’t producing as much energy as it should, a repairman may need to fix it. This can be a costly process, so it’s important to get your system repaired as soon as possible.

Monthly Payments

Solar panels are a great way to lower your energy costs. However, you must decide which option is best for your situation. One option is to lease your solar panel system instead of purchasing it outright. This can be a good choice for homeowners who are interested in saving money but don’t have the cash to pay upfront. If you choose to lease your solar system, you’ll typically make monthly payments to a company that owns the panels on your roof. These can be as low as $50 per month, on average.

Depreciation Costs

One of the advantages of owning your solar panels is that you have no depreciation costs. That’s because a solar system is a long-term investment that can pay for itself over the course of 7 to 10 years, after which you’re left with many years of cost-free electricity. However, as we’ve mentioned previously, there are certainly cases when it makes more sense to lease your solar panels. In these situations, you will want to explore your options with a solar installer who can help you decide if leasing is the right solution for your home and budget.

Got questions about whether to own or to lease solar panels? Be sure to contact our professional home builders here at Healthy Communities to learn more about which option is better for you!

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