Solar Lease

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

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.

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.

1. Little to $0 down: You pay little to 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