Buying Solar with a loan or Leasing?

Ownership & Incentives:

Buying with a Loan: When you buy solar panels using a loan, you become the owner of the system. You benefit from the 30% federal solar tax credit and any other state or local incentives. These incentives directly reduce the overall cost of your solar installation.
Leasing: If you lease a solar system, the solar company owns it. Consequently, you don’t receive any of the incentives.
The company that owns the system enjoys these benefits instead.

Property Value:

Buying with a Loan: Owning solar panels can increase the value of your home. When you sell your house, the solar system is treated as an attached appliance, similar to a furnace or air conditioner. Studies have shown that homes with solar systems sell faster and for more money.
Leasing: The leased system doesn’t add value to your home because it’s technically not part of the property. If you decide to move during the lease, you’ll need to pay off the remainder of the lease or find a home buyer willing to take it on.
These are some compelling comparisons why purchasing a solar system is often financially smarter:
Loan: Leasing:
Cash Out of Pocket: ✅ ❌
Receive Tax Credit: ✅ ❌
First-Year Savings: ✅ ❌
Greatest Lifetime Savings: ✅ ❌
Own Your Equipment: ✅ ❌
Added Home Value: ✅ ❌

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