Lease

Everyone nowadays is offering “no money down,” “no out of pocket expenses,” and “we’ll reduce your monthly payments” guarantees. So what does “free” mean?

There are two main options to getting solar: a purchase or a lease.

Pro:

No money out of pocket.

Pro:

The system is maintained for you.

Pro:

Your monthly bill will be less than SDG&E.

Pro:

Performance guarantee.

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Con:

Most leases have an escalator in the fine print that raises your monthly payment each year.

Con:

You do not own the system.

Con:

When you sell your home, the new buyer must assume the lease.

Con:

You will not receive the tax credit.