Rent A Roof Solar Panels

It s pretty much like buying a car on credit.

Rent a roof solar panels.

A lease is a lot like leasing a car. The main practical distinction between buying and leasing a solar pv system is in ownership. Top 10 facts you need to know about the rent a roof scheme. You can buy this electricity for your house at a low rate that is fixed for 10 years.

You don t have to pay anything in fact we will pay you rent for your roof. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. Solar lease ppa advantages. The second option is a financing arrangement.

The electricity generated by the solar panels costs less than the electricity you buy from your electricity retailer. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. By participating in a solar site lease you convert your roof or land into revenue and help ratepayers in your community that may be unable to host or own an array receive the benefits solar electricity. You pay a fixed price per kwh for power generated by the system.

The palo alto company is now offering panel packages with no long term contract as part of a relaunch. In every eligible state except for california tesla will charge 50 per month for a small 3 8kw solar panel system that generates an average of 10 to 14kwh of energy per day 100 per month for. Site leases are one of the many great ways to become a part of the solar energy community. Finally you can lease the panels.

It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and orientation of your roof and local regulations. You own the panels but instead of putting a lien on the panels they put a lien on the house just like a bank would with a second mortgage. Typically an installation can cost something in the region of 15 000. In most cases your monthly bill will rise or fall with the amount of power your system produces.

The panels installation maintenance and insurance all come free as part of the package. You pay a fixed monthly amount to use the energy generated by the solar system on your roof. Tesla inc s latest bid to revive its foundering solar division may sound familiar.