Lease vs Buy Solar

Lease vs Buy Solar: How to Decide?

There are a few factors to consider when choosing whether to lease vs buy solar. HelioPower offers affordable leases, Power Purchase Agreements (PPAs) and loans that all work with $0 down.  So how can you decide which financial plan is best for you?

Choose $0 Down with Solar Leases and PPAs if:

  • You want to use the electricity generated from renewable resources and you are less concerned about maximizing the financial benefits associated with installing a solar system
  • You want HelioPower to be responsible for the maintenance and repairs of your system
  • You don’t want to make a cash investment to buy the system outright
  • You don’t pay enough in federal/state taxes to benefit from the federal investment tax credits resulting from installing your system
  • You don‘t want to wait until the following year to receive the benefits of tax credits

Buy Solar with Cash/Finance with a Loan if:

  • You want to maximize the financial benefits of installing a PV solar system
  • You want to reduce the amount of federal and state taxes that you pay and have a tax liability that is larger than the amount of credits you could receive
  • You have the necessary funds available to pay for the solar PV system
  • You are a business and you can receive tax benefits by treating the system as a depreciable asset
  • You plan to sell your home and want to increase its overall value making it easier to sell.

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A Few Other Things to Consider...


Solar leases and PPAS:

HelioPower offers affordable leases and PPAs that can get you solar with $0 down!

Buying with Cash/Financing with a Loan:

The average cost of a system can be anywhere from $15,000-$30,000 before any rebates and incentives are applied. Tax credits and cash rebates may reduce the cost by up to 50%. HelioPower will handle all of the necessary paperwork involved in order to apply rebates and incentives that can adjust the final purchase price.

Lease vs buy solar is a tough decision to make. HelioPower offers affordable financial plans to help you afford solar


Although photovoltaic solar systems can last up to 40 years, they still require occasional service and monitoring. When you decide to buy your system, you’ll be responsible for your system’s upkeep. When you choose to lease, the company that owns your system is accountable for any repair work and maintenance.


Both Solar Leases and PPAs are usually for a 20 year term. Solar loans are available start at 5 year terms and can go up to 20 year terms.


With a Solar Lease you unfortunately don’t qualify for tax credits, depreciation, rebates, or incentives. Should you choose instead to purchase or finance your solar system you do qualify for all available cash rebates, Federal Investment Tax credits, State tax credits, as well as Solar Renewable Energy Certificates.

Savings/Return on Investment

By getting a Solar Lease you can save 10-50% over the prices that you currently pay in utility bills (depending on your location, state incentives, and property characteristics). If you purchase your system outright you can earn annual returns on investment of up to 10-30% (depending on your location, state incentives, and property characteristics), you’ll get free electricity for up to 25-40 years, and you can also earn money by selling SRECs (Solar Renewable Energy Certificates – if offered in your state or by your utility).

Whether you are considering leasing or purchasing solar for your home, everyone can afford home solar! Please contact us today to find out which solar financing option works best for you!