Solar Lease
SunRun is the nation’s leading provider of solar leases and has financed several thousand home solar power systems.
With a solar lease, SunRun buys, owns and maintains your home solar power system and you pay a low monthly bill to rent the equipment and take advantage of the solar electricity it produces. This solar electricity offsets the electricity you had been buying from your utility. The savings from a lower utility bill can cover the monthly payment to SunRun and even put money back in your pocket. Since you lock in low rates for the next 20 years with a solar lease, you save significantly over time as electricity prices continue to rise.
Solar Lease or Solar PPA?
You don't have to choose between a solar lease or solar PPA, it simply depends on where you live.
All SunRun solar plans include a money back performance guarantee, insurance, professional grade monitoring, and complete coverage for all maintenance and repair for the life of the plan. We will even clean the solar panels if they are underperforming.
The main difference between a solar lease and a solar PPA is that with a solar lease, your monthly payment is the same each month, regardless of how much electricity your home solar power system produces. Your bill may increase annually a very small percent, usually 1-3%, much lower than historical rate hikes from your utility.
In Arizona, parts of Colorado, and in Los Angeles if you're in LADWP territory, SunRun's Power Plan is a solar lease. In Massachusetts, New Jersey, Pennsylvania, and most of California, SunRun’s Power Plan is a solar power purchase agreement. SunRun also offers SunRun Total Solar, which allows customers to pay for all their solar electricity in advance. Total Solar is available in Massachusetts, New Jersey, and in California outside of Southern California’s LADWP area, and parts of Colorado. Learn more about SunRun plans for Arizona solar, California solar, Colorado solar, Massachusetts solar, New Jersey solar, and Pennsylvania solar on our Solar by Location pages.
- Is there flexibility in my initial payment with SunRun Power Plan?
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With SunRun, there is flexibility in how much you pay initially for home solar.
With SunRun Power Plan, we make it as close to free to get home solar installed as we can. However, you have another option, which is to pay more initially and then a lower rate for your solar electricity. You can discuss your options at any time with a SunRun sales representative at 877-786-6656.
- Why does the initial cost for SunRun Power Plan vary?
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The initial cost for SunRun power plan may vary depending on where you live and the size of your home solar system. We keep the initial cost as close to $0 as possible while making sure that solar will save you money on your electricity bill right away.
- Do I get the government rebates and credits with SunRun Power Plan?
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You get the full value of all federal and state government solar incentives with SunRun Power Plan. As the owner of the system, SunRun files for all applicable rebates and tax credits and passes that savings on to you immediately. The value of the rebate(s) will be subtracted from the upfront cost of home solar in your Power Plan agreement. Your SunRun sales representative can show you how this works in a customized solar quote for your home.