Solar Panel Finance Calculator

With a solar lease you are renting your system from a third party owner.

Solar panel finance calculator.

Compare ways to pay for your solar system including personal loans and home equity financing. Solar leasing is another form of finance. A solar lease is similar to a solar loan in the sense that both are forms of residential solar financing with zero down solar financing options. Solar loans are a great solar panel financing option when you want to purchase a system but don t have the cash up front to buy.

But the similarity pretty much stops there. The major difference between leasing and finance is that when you take out a lease you do not have ownership of your solar panels. Solar loans can fund your solar panels and installation. For instance check out the diagram below generated by our solar panel calculator.

Many are 0 down loans and allow you to finance the total amount of your solar panel system. We cover solar leasing options in depth here. With many solar energy loans you can finance the entire cost of your system in exchange for a lifetime of savings on your energy bills. It shows a utility bill customer who pays 199 month for electricity.

With a solar loan you can save 40 70 over the lifetime of your solar panels.