While it is possible to have solar leases that are similar to leases of other types of equipment when you talk about solar leases in America you are typically talking about is a contract where a solar company agrees to fund the installation of panels on your roof and charge you a monthly fee for the use of these panels for the lease term.
The term of a solar lease is usually between 15-20 years.
The solar company owns the panels during the term and is typically responsible for maintenance.
This is known as a third-party solar lease because the panels are owned by a third party and not the homeowner during the term of the lease.
While lease payments are expressed in $ per month (rather than in cents per kWh in a PPA) they can be converted to cost per kWh.
As you currently pay for electricity per kWh and as you measure kWh first to determine the savings offered by installing solar panels it is sometimes useful to convert a monthly lease fee into a cost per kWh.
Once you do this you will be able to compare the returns and savings from a solar lease to the returns made from buying solar panels outright.
The home belos at 12646 W Skyview Drive in Sun City West, AZ has solar panels that are leased for a very low monthly payment and off huge savings on monthly utility bills. Listed for just $193,500.00
