Premium Service Package
With our SolarLease, we install your system for free and we maintain the equipment on your home, so you do not have to worry about ongoing maintenance costs. A SolarLease includes:
System Monitoring We constantly monitor your system's performance with our proprietary SolarGuard®. If problems do arise, our service crews will be notified and dispatched to get your solar system back online.
Repair Service SolarCity owns the equipment and is responsible for repairs, such as inverter replacement.
Insurance Coverage Our all-inclusive system coverage protects against damage or theft.
We Guarantee System Performance or We Will Pay You Back
We're so confident with our system installation and design that we guarantee your system will perform as promised or SolarCity will pay you the difference! Our guarantee considers normal weather variations and solar panel performance over time. We track your system performance through our SolarGuard monitoring service, so we know exactly how much energy it is producing every day, week, month and year!
Smart Financial Investment
A SolarLease can be a better investment than purchasing your system with cash because you do not have a big upfront payment and can save your money for other opportunities. You save money every month on lower electricity bills so you can be cash flow positive from day one in some cases. Your price for power can also be lower with some of our lease payment options than it is for a purchased system. In addition, you do not have to worry about unexpected repair costs because they are covered under a SolarLease.
Flexible Payment Options
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 SolarLease so that you do not have any ongoing monthly bills.
Option to Upgrade System Later
At the end of our agreement, you can upgrade your existing solar power system to a new system with the latest solar technology. You can also extend our agreement, or simply have the solar panels removed for free.
If you sell your home, you can transfer the SolarLease to the new owners or buy out the system ahead of time and include the solar panels cost in your home sale price.
How is SolarLease different than SolarPPA?
Our SolarPPA and SolarLease are both great solar financing options. They offer similar financial advantages to the homeowner. The primary difference is that with a lease you pay by the month, and with a PPA you pay per kWh. One of the benefits of the SolarPPA is that you can purchase the system anytime after year five. Availability of SolarPPA and SolarLease vary by location based on what your local utility company prefers.
Financing and Service Options
Financing terms vary by location and are not available in all areas. To find out which plans are available in your area, request a free consultation to discuss our affordable solar financing options..
To qualify for financing, you need to have excellent credit (a FICO score of 680 or greater).