Solar Lease – Lease the system, use the energy
How Solar Leases WorkA solar lease is a financing option that allows businesses to generate solar electricity with little to no upfront capital investment. Like traditional equipment leases, solar leases provide use of the solar equipment itself in exchange for a monthly lease payment. You benefit from the clean solar electricity generated from the rented solar installation.
The combination of known lease payments and lower utility bills typically leads to an immediate reduction in electricity costs and provides increased savings over time. At the end of the lease agreement (typically after 15 – 20 years), you have the option to purchase the system at a reduced cost, renew the lease, or have the system removed.
Solar Lease Benefits
- Low Upfront Cost
There are little to no upfront costs for a lease, allowing you to reduce your initial capital investment.
- Save on Electricity Costs
Monthly lease payments are more than offset by the reduction in monthly electricity bills, resulting in savings on total electricity costs.
- Protection against Rising Electricity Prices
Secure a low electricity rate at a fixed price per kilowatt-hour and reduce your exposure to volatile energy rates.
- Flexible Options
At the end of the term, typically between 10 to 20 years, you may choose to purchase the solar power system for a small, residual value, renew the lease or opt to have the system removed.
- Partnership Choices
Allows you to work with your existing equipment lease financial partners.