Solar leases and PPAs are an affordable way to go solar.

With a solar lease or power purchase agreement (PPA), you don't have to pay the high upfront cost of panels, equipment, and installation. Instead of paying for a solar system, you pay a fixed monthly amount to install solar panels and use the electricity they generate. It's easy and affordable.

It's also popular. According to a recent report*, over 70% of homeowners in states with mature solar markets choose a solar lease or PPA. 

Sunrun solar leasing makes residential solar energy more affordable. If you don't want to pay a large upfront cost, you can still go solar today by taking advantage of Sunrun's solar service.

  • Sunrun purchases your home solar system and has it installed on your roof.
  • You pay little to nothing upfront, and then a low, fixed amount every month.
  • Sunrun takes complete care of the equipment for 20 years
  • Sunrun passes savings from rebates, tax incentives and credits along to you
  • You're entitled to all the energy produced by your home's system, often including excess energy credits from your utility company. 
  • You can transfer the agreement if you sell your home. 

 

"All you have to do is look at the expression on my face when I open my electric bill every month. It's like having your birthday when you’re a kid. "

Ed G, Kealakekua, Hawaii, Customer since 2012


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Advantages of leasing solar panels

  1. It’s affordable — and flexible. With a solar lease, you don’t have to pay a lot upfront. But, if you have savings you’d like to use, you can pay more upfront and lower your fixed monthly payment.
  2. It’s worry-free. You don’t own the equipment, so you don’t have to worry about installation, monitoring, and repairs.
  3. It’s a fixed cost. Your monthly payment is low and fixed. You have control over your electric bill and don’t have to worry about a higher bill if the panels produces more electricity.

How much does going solar with Sunrun cost?

What's the difference between a lease and a PPA? 

In most cases, you won't choose between a lease and a PPA. Rather, one or the other will be offered as an option where you live.

  • Lease: You pay fixed monthly “rent” to provider in return for use of the system
  • PPA: You pay a fixed price per kWh for power generated

What types of agreements are available?

You can choose how much you want to pay upfront with a lease or PPA. So, you can pay more upfront and get a lower monthly rate or payment if you would like to do that.

  1. $0 down: You pay nothing upfront, with monthly payments that increase each year
  2. Prepaid: You pay all payments upfront, with no additional monthly payments for the life of the agreement
  3. Locked-in: You pay from $1,000 – $3,000 upfront, with a fixed monthly payment for the life of the agreement

A new kind of energy company

Sunrun is one of the top home solar companies in the nation. But we’re really 60,000+ happy, money-saving customers strong and growing every day. We'll let you know if solar works for your home.

Questions? Thoughts? Want to learn more? Let's talk.

*Source: Greentech Media Research, 'U.S. Residential Solar PV Financing', February 2013.