Before agreeing to a lease or PPA it is important to consider the terms of the agreement as well as your specific situation. The length of leases and PPAs generally ranges from 20-25 years. If you plan to move out of your house before the duration of your agreement is up, it is important to know your options.
One option is to purchase the system and roll its cost into the sale price of your house. Alternatively, you can sell the property with the lease intact and transfer it to the new owner. However, the latter may make selling the property more difficult.
Furthermore, the monthly rate will vary by installer and location. Some give you the option of making a down payment or prepaying for a certain amount of time or energy with a PPA. Finally, most of the financial incentives to go solar are only available if you own the solar system. Therefore, the solar lease company would benefit, not the lessee.
Overall, solar leases and PPAs are great ways to finance your next renewable energy project. They allow you to easily begin saving on your monthly energy bill without having to pay for an expensive solar system!