Leasing Options

As the world shifts toward clean, renewable energy, homeowners and businesses alike are increasingly looking for cost-effective ways to go solar. While installing solar power systems has never been more popular, the initial investment can be a significant barrier for many. Solar leasing has emerged as a practical and affordable solution, allowing property owners to access the benefits of solar energy without the upfront costs of purchasing a system outright.

Solar leasing is a financing model where a third-party solar provider installs and owns a solar photovoltaic (PV) system on your property. Instead of paying to purchase and install the system. You lease it for a fixed monthly fee or pay only for the electricity it generates, similar to leasing a vehicle. You get clean, renewable energy without taking ownership of the equipment.

How Does Solar Leasing Work?

The process of leasing a solar energy system is straightforward:

• A solar provider evaluates your site and custom-designs a PV system tailored to your property.
• The provider installs the system at no or minimal upfront cost.
• You sign a long-term lease agreement, typically ranging from 15 to 25 years.
• You use the electricity the system generates and make regular lease or energy payments.
• The solar company maintains, monitors, and repairs the system throughout the lease term.
• Some lease agreements also include an option to purchase the system at a reduced price once the lease period ends.

Benefits and Options of Solar Leasing for Homes and Businesses

Solar leasing presents a smart, cost-effective solution for homeowners and businesses that want to switch to clean energy without bearing the high upfront costs of system ownership. Most solar lease agreements require minimal or even zero initial investment, making solar power more accessible than ever. One of the key advantages of solar leasing is the predictability of energy costs. Monthly lease payments are often lower than traditional utility bills and can be fixed for years, offering protection against rising electricity prices. Additionally, solar leasing eliminates the worry of maintenance, as the provider is responsible for monitoring, servicing, and repairing the system throughout the lease term. Environmentally, the impact is immediate: as soon as your solar system goes live, you begin reducing your carbon footprint and reliance on fossil fuels.

There are two primary types of solar leasing options available. A fixed monthly lease allows you to pay a consistent fee regardless of how much energy is produced, simplifying budgeting. Alternatively, a Power Purchase Agreement (PPA) charges you based on the actual kilowatt-hours (kWh) generated by the system, typically at a rate lower than your local utility provider. Both models offer flexible, low-risk pathways to enjoying the benefits of solar energy. For those looking to embrace renewable power without the long-term responsibility of system ownership, solar leasing can be the ideal, future-forward solution.

UTICA SG is committed to helping homeowners, commercial property owners, and institutions access reliable and efficient solar energy systems. Whether you're considering solar leasing or direct ownership, our experts can guide you to the best option for your needs.

Contact UTICA SG today to learn more about solar leasing opportunities and how to start your clean energy journey.