Is leasing a solar panel cost effective?



  1. 0 Votes

    Leasing in this particular scenario might cost you quite a bit less initially, however the benefits of purchasing your own solar panel system are far greater.  For example, there are significant tax breaks awarded to users of alternative energy sources.  Those tax benefits go to the owner of the solar panels, thus if one is leasing the panels they do not own them and do not receive that tax break.

    However, there is also the potential that purchasing solar panels will cost more than leasing due to upkeep, purchasing replacement parts, etc.  The reality is that over time the solar panels will pay for themselves, it is just a matter of reaping the benefits of owning those panels.  Check out the link I attached to explore the question further.

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