Solar leases lure homeowners in with the promise of “no upfront costs” and guaranteed savings, but the fine print reveals a different story! Over time, leasing can cost more than buying, restrict your control, and lock you out of solar’s biggest financial benefits.Here are several common misconceptions about solar leases and the facts that clarify them:
🔹 Misconception 1: “Leasing is cheaper than buying.”
Reality:
Leases often come with annual payment escalators (typically 2.9%–3.9%), which erode savings over time. Ownership provides much better long-term savings because once the system is paid off, the energy is free — with no rising payments.
🔹 Misconception 2: “You still get the 30% federal tax credit with a lease.”
Reality:
You do not qualify for the 30% tax credit when leasing. The leasing company gets it because they own the system. Only owners receive the tax credit and other local/state incentives.
🔹 Misconception 3: “Leasing adds value to your home.”
Reality:
Leased systems can complicate home sales and don’t typically increase property value. Buyers must agree to assume the lease, which can be a dealbreaker. In contrast, owned systems are seen as a home upgrade.
🔹 Misconception 4: “A lease gives me battery backup.”
Reality:
Most leased systems are grid-tied only with no battery, meaning you’ll still lose power during an outage. Only ownership gives you the freedom to add battery backup and participate in grid programs like ConnectedSolutions or VPPs.
🔹 Misconception 5: “Leases are flexible and easy to cancel.”
Reality:
Solar leases typically last 20 to 25 years and include hefty early termination fees. You’re locked in even if you move or want to upgrade.
🔹 Misconception 6: “It’s maintenance-free, so who cares if I own it?”
Reality:
Most systems are very low-maintenance whether owned or leased. But when you own, you’re in control. With a lease, the company decides how and when issues are handled — and may delay service or pass along hidden fees.
Power Your Home and Your Future with LIGHTSMITH ENERGY
Going solar with LIGHTSMITH isn’t just about panels on your roof, it’s about taking control of your energy costs for good. Unlike renting or leasing, owning your system means:
✅ Slash your electricity bills for decades. No more unpredictable rate hikes.
✅ Lock in tax credits and incentives that put thousands back in your pocket.
✅ Boost your home’s value with an upgrade that pays for itself.
But we don’t stop there. With LIGHTSMITH’s smart battery storage, you can:
🔋 Store surplus energy to use when rates are high.
⚡ Stay powered through outages. No more worrying about blackouts.
💰 Earn cash by selling excess energy back to the grid (thanks to programs like ConnectedSolutions).
Best of all? You’re not just saving money; you’re building a cleaner, more resilient future. Every kilowatt you generate reduces reliance on fossil fuels and strengthens your community’s energy grid.
And with LIGHTSMITH, you get a local partner committed to honest pricing, top-tier equipment, and real results—not pushy sales tactics.
Ready to own your energy? Let’s make it happen. GET A FREE QUOTE with LIGHTSMITH LIGHTSMITHENERGY.COM
