Solar Power Lease Vs Buy May 2026

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.

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

Because the provider owns the equipment, they are responsible for monitoring and maintenance. Most leases include a performance guarantee , ensuring the system produces a specific amount of power or you receive a credit. 3. Long-Term Return on Investment (ROI) Modern solar panels are highly durable and usually

A purchased system typically pays for itself in 6 to 9 years . After that, the electricity generated is essentially free for the remainder of the system's life (25+ years). You also keep any local rebates or Solar