Solar Panel Finance Calculator

The major difference between leasing and finance is that when you take out a lease you do not have ownership of your solar panels.

Solar panel finance calculator.

Compare ways to pay for your solar system including personal loans and home equity financing. Solar leasing is another form of finance. With a solar loan you can save 40 70 over the lifetime of your solar panels. A solar lease is similar to a solar loan in the sense that both are forms of residential solar financing with zero down solar financing options.

But the similarity pretty much stops there. For instance check out the diagram below generated by our solar panel calculator. With a solar lease you are renting your system from a third party owner. There are many solar loan options available to you.

Many different types of institutions offer solar loans from traditional banks to solar panel manufacturers. It shows a utility bill customer who pays 199 month for electricity. We cover solar leasing options in depth here. Solar loans are a great solar panel financing option when you want to purchase a system but don t have the cash up front to buy.

Many are 0 down loans and allow you to finance the total amount of your solar panel system.