If you're thinking about installing solar panels, you've probably asked yourself: Is it better to buy or lease them? Both options let you take advantage of solar energy, but the truth is—buying is a much more profitable long-term investment.
In this article, we’ll compare both alternatives and show you why owning your solar system is the smartest financial and energy decision.
| Feature |
Buying solar panels |
Leasing solar panels |
|
Long-term savings |
Higher savings with no extra payments. |
Limited savings—monthly payments continue without ownership. |
|
Tax incentives |
You can claim government subsidies and benefits. |
You cannot claim incentives; they go to the leasing company. |
|
Contract terms |
No contracts—your system is fully owned. |
10 to 25-year contracts with restrictions. |
|
Home value |
Increases your property value. |
No impact on property value. |
When you buy a solar system, you gain more control over your electricity usage and reduce your reliance on traditional utility companies. While financing may involve some payments, they’re predictable and can often be lower than your regular electricity bills.
As the system owner, you can also enroll in energy buyback programs, where utility companies pay you for the extra energy your panels produce but you don’t use—bringing you long-term income.
In contrast, when leasing, you continue making monthly payments without building equity or accessing these direct financial benefits.
In many regions, purchasing solar panels qualifies you for tax credits, rebates, and green financing programs. If you lease, these benefits go to the leasing company—not to you.
Owning a solar system increases your home's market value, which can be a major plus if you decide to sell. Leased panels don’t offer this benefit and may even complicate the selling process.
Buying gives you full control over the energy you generate and use. Leasing means you’re still depending on a third-party company and subject to their rates, which may increase over time.
Get a free solar savings analysis and discover how much you could stop paying on your electric bill.
Our team will guide you with a personalized estimate and walk you through the best financing options available.