Sunrun Solar Lease Agreement: Everything You Need to Know

If you`re looking to go solar, Sunrun is one of the biggest names in the game. And if you`re considering leasing your solar system rather than buying it outright, you`ll need to understand the ins and outs of the Sunrun solar lease agreement.

Here`s everything you need to know about leasing a solar system from Sunrun.

What is a Sunrun solar lease agreement?

A solar lease agreement is a contract between you and Sunrun that allows you to use a solar system on your property in exchange for a monthly fee. Sunrun is responsible for installing and maintaining the system, and you`re responsible for paying for the electricity it produces.

How does a Sunrun solar lease agreement work?

When you sign a Sunrun solar lease agreement, Sunrun will install a solar system on your property. The system will be sized to meet your energy needs, and Sunrun will be responsible for maintaining it for the duration of the lease.

In exchange for the use of the solar system, you`ll pay Sunrun a monthly fee. The fee is determined by the size of the system and the amount of energy it`s expected to produce, as well as any other fees or charges outlined in the lease agreement.

What are the benefits of leasing a solar system from Sunrun?

Leasing a solar system from Sunrun can offer a number of benefits, including:

1. Lower upfront costs: Unlike buying a solar system outright, leasing allows you to get started with solar power for little or no money down.

2. Predictable monthly payments: With a leased solar system, you`ll know exactly what you`ll be paying each month for the duration of the lease.

3. No maintenance costs: Because Sunrun is responsible for maintaining the system, you won`t have to worry about any unexpected maintenance costs.

4. Flexibility: Leasing a solar system allows you to enjoy the benefits of solar power without committing to a long-term investment.

What are the drawbacks of leasing a solar system from Sunrun?

While leasing a solar system from Sunrun can offer many benefits, there are also some drawbacks to consider, including:

1. Higher overall costs: Over the long term, leasing a solar system can be more expensive than buying one outright.

2. Limited control: Because Sunrun is responsible for maintaining the system, you won`t have as much control over its performance as you would if you owned it.

3. Not eligible for incentives: In many cases, leased solar systems are not eligible for state and federal incentives that are available to homeowners who buy their systems outright.

4. Difficulties selling your home: If you decide to sell your home before the lease is up, you may find it difficult to transfer the lease to the new homeowners.

Is leasing a solar system from Sunrun right for you?

Ultimately, whether or not leasing a solar system from Sunrun is right for you will depend on your individual circumstances. If you`re looking to get started with solar power without making a big upfront investment, leasing may be a good option. However, if you`re looking to maximize your long-term savings and have more control over your system, buying a solar system outright may be a better choice.

As with any major purchase or investment, it`s important to do your research and carefully consider all of your options before making a decision. With the right information and guidance, you can make an informed choice that`s right for you and your home.