Should I lease, finance or purchase my system?

Solar is the best investment a family can make

Installing solar is an investment in your home, your local economy and our renewable energy future. It’s virtually risk free, since the energy source is the sun—which rises and sets every day. You’d be hard pressed to find a more risk free investment with a higher return than a home solar system, but some homeowners do find themselves torn on how to pay for their system.

There is no bad way to go solar, but it’s important to find the option that makes the most sense for you. Generally speaking, customers who are looking to save more over the short term choose to lease, while customers who are looking to save more over the long term choose to own their systems.

Our expert solar advisors can help you evaluate your options and determine which option fits you best.

Solar Purchase and Financing Explained

Owning a solar energy system is one of the safest investments you can make. Our solar panels come with a 25-year bumper-to-bumper warranty that includes service, so your only risk is that the sun stops shining… permanently. Solar panel financing and purchase options allow you to maximize the savings on your system. Our flexible financing options allow you to own your system with $0 down with terms of 5, 10, 15 or 20 years and can be paid off at any time without a penalty. Whether you choose to purchase your system outright or finance, you are entitled to all of the available rebates and incentives. In New York City the federal, state, and city incentives will cover approximately 70% of the cost of your system, making solar an economical option to power your home.

Maximize Your Savings

The solar system and the energy — it’s entirely yours. Many customers in New York find that owning their panels is the quickest path to the biggest solar savings. When you own your system, you are entitled to all of the rebates and tax credits available and all of the energy your system generates is free. Solar ownership will maximize your savings over the life of the system.

Peace of Mind

SunPower® panels come with an industry leading 25-year bumper-to-bumper warranty that covers the parts, labor and power output. SunPower® is a publicly traded, profitable company that has been manufacturing solar panels for 30 years, since 1985. SunPower® is the only solar manufacturer that has been around longer than their warranty and will guarantee your project for decades to come, so you can feel good about the warranty behind your system.

Reliable Performance

SunPower® panels are more efficient than conventional panels and perform better over the long term, due to their high quality components and patented manufacturing process. In fact, a SunPower® panel will produce 20% more power than an equivalent conventional panel over the life of the system. SunPower® panels will not only produce more energy today, but more energy over their life, to maximize the return on your investment.