Residential and Commercial Solar Leasing
How do you lease solar panels? If your company is not eligible for our commercial Solar Sponsoring program or you are a residential customer, we can offer you the leasing finance option. This option provides for some of the mentioned benefits of Solar Sponsoring. This means you have no upfront costs for the solar panel system or need to worry about its maintenance. Under this scheme, SSS would source finance for the system through a financial services provider with the better financing rates we can access and pass those savings on to you. You enter into a lease agreement with fixed monthly payments. Ownership of the solar system is transferred to you at the end of the lease period.
The savings you achieve with your solar energy will instantly reduce your energy bill. This will therefore compensate for the lease payments. The lease payments can be structured in such a way that the annual energy cost savings exceed them. In this way, there are no out of pocket expenses for the solar system during the lease period. Additionally, all the solar energy you do not use can be sold into the grid.
The distribution of responsibilities are outlined below:
The lease agreement is executed between you and the financial services provider. SSS will help find the best offer for solar finance from different providers. The agreement is similar in terms to contract templates developed by the trustworthy NREL US National Laboratory. NREL have drafted up standard contracts in order to ensure fairness and transparency in the solar market, so you will not be subjected to any onerous conditions.
After the last lease payment has been made, system ownership will be transferred to you. Increase your property value with the installation of a solar system which effectively may not cost you anything over the years. If you want to go solar but don’t want to pay the large start-up costs, we highly suggest you lease solar panels.
If you want to lease solar panels the eligibility criteria is as follows:
- You have a stable income to cover the lease payments
- You own the property or have a long-term lease in place
- Your roof is in good condition
- You are commited to a long-term partnership with us
Want to lease solar panels? Just give us a quick email or call and take advantage of this established business concept.