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How much does a solar system cost?

What does solar energy cost?

Today, solar energy costs less than traditional power in many markets. We can even install a solar power system on your home with little to no upfront costs. Chances are we have a solar energy financing option that works for you.

SolarCity MyPower

SolarCity’s newest product allows customer to own their system from day one and save on their electricity bills. SolarCity MyPower is the first of its kind in the industry: a low-interest loan that you pay off based on your monthly solar production, making it easier and more affordable than ever to go solar.

  • $0 due upfront - Pay nothing on the loan upon installation and own your system from day one.
  • Save on electricity - Customers save over the life of the system by paying less for solar energy than they pay the utility.
  • Pay off your loan with the sun - Unlike other loan products, MyPower lets you pay off your loan with monthly payments based on the electricity your system produces. It’s like paying off a car loan by buying clean, affordable gas for every mile you drive.
  • Unmatched protection - Our warranty package is the best in the industry with 30 years of repairs and a production guarantee at no additional cost.

$0 down solar lease

It's a simple idea that changed the rules of the game so that everyone could play. Instead of paying thousands to buy a solar power system, homeowners can lease a system for $0 down and pay as they go.

In other words, we can put solar panels on your home at no cost. You simply pay for the power they produce every month at a lower rate than you pay now. The benefits of solar leasing are huge.

  • No upfront cost–You’ll need a good roof, but you won't need a lot of money to start.
  • Lower monthly energy bills–A lower energy rate and no upfront cost means you start saving right away.
  • Secure predictable rates–Utility costs tend to rise every year, but we let you lock in low, predictable solar energy rates for years.
  • 20-year protection plan–We take care of all system repairs and insurance at no added cost.


A Power Purchase Agreement is a contract to buy solar power based on a set rate that is usually equal to or less than market rate from your local utility company. Because your solar electric rate is secured, you can also protect yourself from the volatility of future utility rate increases.

As a SolarPPA customer, you only pay for the solar power, not the solar equipment or installation. SolarCity installs, maintains and owns the solar system on your rooftop or property. Solar PPAs are very common for commercial solar customers and are now becoming very popular for residential solar customers too.

Purchasing your system (non-financed)

Buying a solar power system is a great option for many homeowners. You'll need money to purchase the system and a good accountant who understands solar energy tax credits. It’s a solid investment with good returns and other great benefits.

  • 30% or more credit on your tax return–Purchasing a system can lead to big federal and state solar tax rebates.
  • No monthly solar payments–Who wouldn’t want to eliminate a bill every month?
  • 6-8 year payback on investment–System purchases typically see a return on investment in less than 10 years.
  • 30-year protection plan–You own the solar panel system, but we’ll still take care of all repairs and insurance at no added cost.

Our contracts are an open book

They’re available for anyone to review. It’s all part of being open and transparent. You won’t find hidden solar costs, but you will find lots of provisions that safeguard you and your home.

  • Secure predictable rates–You'll know how much you’ll pay for your solar energy this year, next year and beyond.
  • Home protection guarantee–We take responsibility for restoring your roof in case of any damage that might occur during your system installation or removal.
  • Options for moving or selling your home–We give you all of your options upfront so that you can plan ahead.

See our top 5 contract tips >