Solar Power Lease Vs Buy Apr 2026

While you save money from day one, those savings are smaller. Most leases include an annual price escalator (often 1–3%), meaning your monthly payment increases over time, which can erode savings if utility rates don't rise as quickly. 4. Impact on Home Resale

When you purchase a system, you are the sole beneficiary of the Investment Tax Credit (ITC), which currently allows you to deduct 30% of the installation cost from your federal taxes. You also keep any local rebates or Solar Renewable Energy Certificates (SRECs). solar power lease vs buy

Modern solar panels are highly durable and usually come with 25-year performance warranties. However, if a component like an inverter fails outside of warranty, the repair cost is yours. While you save money from day one, those savings are smaller