A solar lease works just like an automobile lease. The solar contractor pays for the solar system and the property owner pays a monthly fee for the solar system.
The difference between a solar lease and a power purchase agreement is that power purchase agreements are at a set rate for the lifespan of the contract. The solar leases typically increase over time.
Just like a power purchase agreement, it is easy to determine if a homeowner qualifies for a solar lease.If the lease costs less each month that electricity, the property owner has an easy decision.
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