With no loan needed, the Solar Lease offers set monthly payments for the advantages of solar power. Although averaged out over the course of the year to provide you a predictable payment, the Solar Lease pricing is about equivalent to that of the Power Purchase Agreement.
With a power purchase agreement, you can purchase electricity directly from your roof at a lower cost than you already pay. Customers who want immediate savings but don’t want to take out a loan are fond of the Power Purchase agreement.
Solar loans have the advantage of enabling homeowners to purchase a solar system even if they lack the cash up front for a cash purchase. This implies that the solar panels on the homeowners’ roof will become their property after the loan has been repaid.