Lease Your Roof For Solar Panels

J ulie griffiths wanted to reduce her carbon footprint by installing solar panels.

Lease your roof for solar panels.

If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. An experienced solar provider can help you determine the structural integrity of your roof before engaging in a solar lease agreement. From 2015 through 2017 homeowners in the united states installed 6 909 gigawatts worth of rooftop solar panels which was double the amount added in the previous 10 years 5. Its first installations use 19 288 solar panels to provide power to hundreds of homes throughout the state.

If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. The main practical distinction between buying and leasing a solar pv system is in ownership. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. A leased roof should be structurally sound.

When you buy solar panels whether it be with cash or through a solar loan you are the owner of the solar panels. Instead a solar company installs and owns the solar system. The cost would have been a prohibitive 12 000 so she signed a deal to lease part of her roof to a solar power. Best ways to pay for your panels cash.

Ideally roofs under consideration for hosting solar energy arrays should be less than 10 years old and fully able to support the array for the lease period. Advantages of leasing solar panels. While some of the first rooftop solar landlords are reits and office property owners the concept would seem viable for many businesses particularly those companies with hundreds of thousands of square feet of prime solar real. With a solar lease or solar power purchase agreement solar ppa you don t have to pay any upfront costs to install solar panels on your roof.

In a lease you pay to rent the solar power system typically for about 20 percent less than you were paying for electricity explained freedom forever solar. In most cases your monthly bill will rise or fall with the amount of power your system produces. You pay a fixed monthly amount to use the energy generated by the solar system on your roof. You pay a fixed price per kwh for power generated by the system.

If you re interested in solar energy you aren t alone. Solar lease ppa advantages. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.