Illinois Solar Panel Lease

Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat.

Illinois solar panel lease. Solar lease in illinois. Illinois allows solar leasing where a third party installs and owns the pv system and you pay a monthly fee. As with any other major financial commitment shopping around is the best way to ensure that the solar financing that you choose is the best option for you. You pay a fixed monthly payment to a solar installer but you do not own the solar panels.

If you lease your solar panels you are not eligible for the federal tax credit or illinois shines incentive programs. For illinois the average solar payback period is 9 31 years. Most solar leases require 0 down and solar leasing companies make it easy for you to sign an agreement on the same day. However solar leases and ppas are still 20 year contracts.

Certasun focuses on third party ownership agreements with residential customers meaning the company builds and owns solar installations and customers pay them for the energy or to lease the solar panels. Solar lease contracts are usually for 20 to 25 years. The solar strategy section is focused on the 3 ways of paying for solar in illinois so you can decide which is best for you. In many cases this reduces the payback time to five to seven years.

With brightsave monthly you can go solar and save on your monthly electricity costs for as little as 0 down. In return you get all of the solar energy the panels produce which cuts down your electric bill. Leasing solar panels works similarly to leasing a car. Another choice that solar shoppers have to face is how to pay for a solar panel system.

Or you can opt for brightsave prepaid to lock in the best value sunrun has to offer. Fortunately there are many financial options available to ensure the customer can afford installations. Combined these two credits can help you pay off up to 60 of your installation cost within one year of your panels being connected to the grid. Then we provide detailed analysis of how each works.

This covers up to 25 years of low energy costs with no monthly bills and includes our sunrun guarantee. Lease illinois solar panels by making one upfront payment.