OPTIONS TO PURCHASE DERs
OPTION 1 -
BUYING A SOLAR SYSTEM
When you buy solar panels, whether it be with cash or through a solar loan, you are the owner of the solar panels
OPTION 2 -
LEASING A SOLAR SYSTEM
With a solar lease (PPA), you don’t have to pay any upfront costs of installation, A solar company installs and owns the solar system
Buying Solar - Advantages and Disadvantages
- Upfront costs: No
- Better long-term savings: Yes
- Own the system: Yes
- Qualifies for Federal Tax Credit: Yes
- Qualifies for SRECs: Yes
- Easy to sell your home: Yes
- Need Maintenance: Yes
Leasing Solar Panels - Advantages and Disadvantages
- Upfront costs: Yes
- Better long-term savings: No
- Own the system: No
- Qualifies for Federal Tax Credit: No
- Qualifies for SRECs: No
- Easy to sell your home: No
- Need Maintenance: No
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