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.
Advantages of leasing solar panels
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.
It’s worry-free. You don’t own the equipment, so you don’t have to worry about installation, monitoring, and repairs.
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.
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 payment options 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.
Little to $0 down: You pay little to nothing upfront, with monthly payments that increase each year
Prepaid: You pay all payments upfront, with no additional monthly payments for the life of the agreement