Until recently, homeowners who wanted to go solar had to buy expensive equipment, costing anywhere from $15,000 to $60,000 or more. Now, there are two new options - solar leasing and power purchase agreements (PPA). You don’t choose between a lease or a PPA; it's determined by where you live and which electric utility connects to your system.
With either a lease or PPA, Sunrun pays for the solar panels, power inverter, installation, permits, and all the upfront costs. You simply pay a monthly electricity bill. Compare the differences:
Solar lease: You pay a fixed amount every month for your solar panels. You pay the same each month, regardless of how much energy your panels produce.
Power purchase agreement: You pay a fixed rate for the electricity your panels produce. You only pay for the electricity your system produces each month.
Find out if solar is right for you with our 3 minute review.
|Solar Lease||Solar PPA|
Solar leases and PPAs are now the most common way for homeowners to go solar. In 2011, more homeowners chose to lease solar / PPA over purchasing a system in California, the nation's largest residential solar market.
*Source: State of California, California Energy Commission & California Public Utilities Commission, http://www.californiasolarstatistics.ca.gov/current_data_files/, October 5, 2011.
"Sunrun reduced the price of home solar by an order of magnitude! Solar went from 10,000 bucks to 950 bucks."