Solar Lease

What are my options at the end of the solar lease?

A Solar Lease is a very flexible way to go solar. When your solar lease ends, you have several good options to choose from:

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What if I move to a new home before the end of the solar lease?

You can pass on the solar system to the new owners in two ways. The great thing about both of these options is that solar homes typically have a higher resale value due to their substantially lowered electricity costs.

  1. You can transfer the solar lease to the new homeowners.
  2. You can prepay the lease and include it in the asking price.
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Can I decide to buy the system later?

Yes and No. Some companies will allow you to and some will let you renew your lease in five year increments.

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A solar lease includes full service. What exactly is included?

  • If anything goes wrong, your provider will alert you should there be any changes in the performance of the solar system. If the company sees a problem, they will give you a call to help you diagnose the problem and dispatch a repair team if needed.
  • Every solar lease includes an extended warranty on workmanship and hardware through the end of your lease. A good company will repair or replace any broken components at no cost to you. For instance, your inverter will likely need to be replaced around the 12th year—your solar provider will cover this.
  • Another cool fact about the solar lease is that its performance is guaranteed. If your system doesn't produce as much electricity as the provider promises, they will compensate you.
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    How does a "Performance Guarantee" work?

    Top solar companies offer a "Performance Guarantee" that your system will produce as much electricity as they can properly gauge. This takes into account normal weather variation and solar panel performance over time. The amount of electricity they will promise to deliver should be stated in your contract. Should the solar system fall short in producing the amount of energy they stated in the contract, many are obligated to compensate you. Be sure to read the fine print in your contract about these "Performance Guarantees."

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