Solar leases are a new way to go solar, which as the name suggests allows you to lease rather than own a home solar power system. The map below shows the states where solar leases are currently offered. Click on a state to find out which leasing companies currently operate in that state.
| Lease Terms |
Sungevity |
SolarCity |
SunRun |
groSolar |
| Length of Lease |
10 to 20 years (with 5 year extension option) |
20 years (with 5 year extension option) |
18-20 years |
15 years |
| Credit Score Requirements |
FICO score of 680 or greater |
FICO score of 700 or greater |
FICO score of 700 or greater |
Not stated |
| $0 down option |
√ |
√ |
√ |
√ |
| Free Maintenance and Cleaning |
√ |
√ |
√ |
Not stated |
| Free Monitoring |
√ |
√ |
√ |
Not stated |
| Insurance |
√ |
√ |
√ |
Not stated |
| Performance Guarantee |
√ |
√ |
√ |
Not stated |
| Annual Lease Payment Increase |
2.5% |
3.9% |
3% |
Not stated |
| What happens if I sell my house before the end of the lease |
- Transfer to new homeowner
- Prepay remaining lease payments and add it to the asking price (after year 6)
- Prepay the remaining lease payments and have it removed for free (after Year 6)
|
- Transfer to new homeowner
- Prepay remaining lease payments and add it to the asking price
- Prepay the remaining lease payments and having it removed for free
|
- Transfer to new homeowner
- Prepay remaining lease payments and add it to the asking price
- Prepay the remaining lease payments and have it removed for free
|
Not stated |
| End of lease options |
- Renew lease
- Sign a new lease with new equipment
- Have it removed for free
- Buy outright
|
- Renew lease
- Sign a new lease with new equipment
- Have it removed for free
|
- Renew lease
- Sign a new lease with new equipment
- Have it removed for free
- Buy outright
|
- Renew lease
- Sign a new lease with new equipment
- Have it removed for free
- Buy outright
|
Not convinced that leasing is the right option for you? or just want more information. Read our Residential Solar Energy Explained blog for a clear overview of the main factors you should consider before going solar.