You pay a fixed monthly payment to a solar installer but you do not own the solar panels.
Illinois solar panel lease.
In return you get all of the solar energy the panels produce which cuts down your electric bill.
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.
Lease illinois solar panels by making one upfront payment.
Most solar leases require 0 down and solar leasing companies make it easy for you to sign an agreement on the same day.
We have two easy solar leasing options.
If you lease your solar panels you are not eligible for the federal tax credit or illinois shines incentive programs.
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.
Leasing solar panels works similarly to leasing a car.
We ve created a tool that asks you a few questions and recommends whether you should pursue a solar lease loan or outright purchase.
In many cases this reduces the payback time to five to seven years.
Solar lease contracts are usually for 20 to 25 years.
Fortunately there are many financial options available to ensure the customer can afford installations.
For illinois the average solar payback period is 9 31 years.
Illinois allows solar leasing where a third party installs and owns the pv system and you pay a monthly fee.
Another choice that solar shoppers have to face is how to pay for a solar panel system.
Solar lease in illinois.
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.
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.
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.
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.
With brightsave monthly you can go solar and save on your monthly electricity costs for as little as 0 down.