Where Can I Get a Solar Lease?


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.Solar Lease

In states like 

California
, there are several companies that offer solar leases. To aid in your decision making process, we have compiled a table that compares the terms of each companies lease offering.

 

Lease TermsSungevitySolarCitySunRun
Length of Lease10 to 20 years (with 5 year extension option)20 years (with 5 year extension option)18-20 years
Credit Score RequirementsFICO score of 680 or greaterFICO score of 700 or greater FICO score of 700 or greater
$0 down option √  
Free Maintenance and Cleaning   
Free Monitoring   
Insurance   
Performance Guarantee  
Annual Lease Payment Increase2.9% 3.9% 2.9%
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
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

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.

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