Akamai Energy - Solar Photovoltaic - Honolulu, Hawaii
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Purchasing vs Leasing Solar PV
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Purchasing vs Leasing Solar PV
While purchasing a PV solar system provides one of the best returns on investment today, is it the right choice for you? Homeowners need to understand the pros and cons of both purchasing and leasing so that they can make an educated decision. Don't be forced into a decision because a solar provider only sells one option.
The main difference is ownership. If you purchase, then you own the system, either from the onset (if purchased with cash) or after finishing payment of a solar loan. If you lease the solar PV system (or sign a power purchase agreement (PPA)), then a third party owns the solar panel system.
This distinction impacts the cost, maintenance, terms, financial offsets, and savings/returns on investment of your solar panel system. In addition, not all companies offer solar leases and/or PPAs--confirm that your chosen provider offers the financing option that you want most. Note that PPAs are not legally permitted in many areas.
At Akamai Energy, homeowners can choose from purchasing, leasing or the NEW MyEasySolarLoan option that offers the benefits of no money down and low monthly payments of leasing with the advantages of receiving tax credits only offered through purchasing.
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