Price list for leasing rooftop photovoltaic panels

How much does it cost to install solar panels?

According to our solar experts, solar panels cost about $19,000 to install in the United States, on average. While the price tag seems steep, incentives and payment options help make the cost of going solar easier to manage. The total cost of a solar installation depends on your location, energy usage, and even the type of equipment you use!

Should you lease or buy solar panels?

First, it reduces a customer’s upfront costs to install panels, often to $0. Using a solar lease means the maintenance and liability to damaged panels rests on the solar company rather than the homeowner. However, because you do not own the panels, you miss out on incentives like local and federal tax credits.

How much do solar panels cost in 2024?

Here's an explanation for The average solar panel system in 2024 costs about $31,558 before factoring in tax credits and solar incentives. The Residential Clean Energy Credit is part of the Inflation Reduction Act and offsets the total cost of solar panels by 30 percent when you file your annual federal tax return.

What is a solar lease?

Solar leases are very similar to power purchase agreements (PPAs). With both options, a solar developer installs and owns the solar panels on your roof. The two differ in how you pay for the solar energy. Solar lease payments are the same every month, whereas solar PPA payments are based on the amount of energy the panels actually produce.

Is solar leasing a good idea?

There are many benefits to going solar, but solar leasing also offers its own unique set of benefits. First, it reduces a customer’s upfront costs to install panels, often to $0. Using a solar lease means the maintenance and liability to damaged panels rests on the solar company rather than the homeowner.

Is solar leasing a better option than a PPA?

In many ways, solar leasing presents a competitive option compared with a solar power purchase agreement (PPA).