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Solar panel cost and financing

SolarLease and SolarPPA benefits

SolarCity makes it possible for you to switch to solar power without incurring the high upfront cost of a solar power system. In fact, SolarCity will install your solar power system for free! You simply pay for the power it generates at a lower rate than you pay now.

We offer several payment options to fit your financial goals. You can go solar for as little as $0 down or you can prepay for some of your electricity in advance to lower your ongoing monthly payments. You can also fully prepay your solar electricity so that you can get the lowest rate and do not have any ongoing monthly bills.

In addition, all our energy plans include our premium service package: monitoring, repair service and all-inclusive system insurance.

How is a SolarPPA different than SolarLease?

Our SolarPPA and SolarLease are both great options. They offer similar financial advantages to the homeowner. The primary difference is that with a solar lease you pay by the month, and with a solar PPA you pay per kWh. Another benefit of the SolarPPA is that you can purchase the system after year five. Availability of SolarPPA and SolarLease vary by location based on what your local utility company prefers.

We believe that clean energy should be affordable for everyone. That's why SolarCity offers several energy plans with different payment options to fit your financial goals. For instance, you can purchase a residential solar power system, or go solar for $0 down and pay as you go.

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Other solar installers make you work with a third party to finance solar—which adds cost and complexity. No middlemen required with SolarCity. We take care of you directly every step of the way for the ultimate in accountability.

The economics of solar power have never been better. As more people have gone solar, the cost of solar panels has come down. The federal tax credit covers 30% of the solar system cost, and in some states there are additional local and utility rebates to offset retail price.

You own the solar panel system and its expected useful life is 30+ years. On average, top tier electricity prices have increased about 5% per year for the last 30 years. When you choose solar, you secure low electricity prices and are no longer dependent on foreign oil or a volatile energy market. As utility rates continue to rise in the future, your investment becomes increasingly valuable.

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