Price comparison of solar container rental monthly cost

How much does a solar lease cost?

Solar lease payments range from $150 to $200 per month on a standard 25-year agreement. Your actual monthly costs can vary depending on a few factors, including the system size and your energy needs, according to Landon Wimmer, CEO and owner of Empower Home Services. In most cases, the lease payment is below the utility''s average electricity cost.

How much does a solar system cost?

Switch to solar with a system built for you. As electricity rates continue to rise, homeowners are turning to solar energy to reduce their monthly bills. However, the $18,000 to $43,000 upfront cost of purchasing solar panels is still a barrier for many.

What factors determine a solar lease price?

The size of your solar system, home condition, credit score and presence of escalator clauses are key factors that determine your lease price. Solar leases offer maintenance-free solar with no upfront costs but have drawbacks, including limited long-term savings and potential home sale complications.

Should you buy or lease a solar system?

Solar leases offer an alternative path to clean energy without requiring a large initial investment. Instead of buying the system, you pay a fixed monthly fee to use the energy it generates while a third-party company owns and handles maintenance.