What you should know

- The Advantages of Owning vs Leasing or PPA's

Owning Solar

Ownership: You own the solar panels outright, which means you are eligible for federal tax incentives such as the Solar Investment Tax Credit (ITC) and potentially state or local incentives.
Long-Term Savings: While the initial investment may be higher, you can benefit from long-term savings on your electricity bills as you generate your own clean energy.
Increased Home Value: Solar panels can increase the value of your home, making it more attractive to potential buyers if you decide to sell in the future.
Maintenance: As the owner, you are responsible for the maintenance and repair of the solar panels, although modern systems typically require minimal maintenance.
Flexibility: You have the flexibility to customize your solar system according to your energy needs and budget, including the option to expand or upgrade in the future.

Leasing/PPA

Limited Financial Benefits: Miss out on potential tax incentives and rebates since you don't own the solar panels.
Long-Term Commitment: Locked into a contract for 10-20 years with fixed rates, which may not be favorable if circumstances change.
Limited Control Over System: Lack ownership and control, unable to customize the system to meet specific energy needs.
Escalating Rates: Some PPAs include escalating rates, leading to higher energy costs over time.
Exit Fees and Penalties: Exiting the contract early may result in fees or penalties, limiting flexibility.
Limited Resale Value: PPAs don't add to the resale value of your property and may complicate the sale.
Dependence on Provider: Reliant on the provider for maintenance and repairs, potential reliability issues.
Complex Contract Terms: PPAs can have complex terms and conditions that may be difficult to understand.
No Ownership Benefits: Lack benefits of ownership, such as increased home value and potential tax incentives.
Variable Savings: Savings can vary depending on factors like energy consumption and rate structure, making long-term savings unpredictable.