What are the leasing companies not telling you?
Side-by-Side Comparison
8.4 kW Photovoltaic System without Batteries
Leased System Cost
$24,000
$100 per month for 20 years (10-20% electric bill reduction)
$0 upfront cost
Federal Tax Incentive
Income tax credit for system owner (30% installed cost, 26% in 2020)
$0
Solar Renewable Energy Credits
Payable to system owner ($72 per MWh for 15years)
$0
Total Paid by Homeowner
$24,000+
Return on Investment
Never
System available for purchase after 20-year term for added fee. System may need to be purchased in order to sell home.
Purchased System Cost
$29,400*
*Financing may increase cost
(based on $3.50/Watt – IL)
$29,400 due to contractor
Federal Tax Incentive
Income tax credit for system owner (30% installed cost, 26% in 2020)
$8,820
Solar Renewable Energy Credits
Payable to system owner ($72 per MWh for 15years)
$11,520
Total Paid by Homeowner
$9,060*
Return on Investment
7.8 years
(ROI based on $0.13/kWh)
With Net Metering and a lifespan of 25+ years, this system can provide over 15 years of free electricity.
