SolarLease

At SolarCity we believe clean solar energy should be affordable for everyone. That's why we created the groundbreaking solar lease option SolarLease™, a way for homeowners to go solar without any upfront cost and save money from day one.

Go Solar for $0 Down

Now you can afford to go solar without the high initial cost of installing a system. Instead of buying the equipment, you simply lease it. SolarLease is the most popular residential solar financing option in the country!

Save on Electricity Costs from Day One

With a SolarLease, you pay as you go, instead of all at once. The combination of your low monthly lease payment and smaller electricity bill is typically less than what you pay the utility company today. So you can start saving money from the very first day.

Savings Grow Every Year

Your savings can grow over time as utility rates continue to increase. Historically, utility rates have increased over 5% every year. With SolarLease, you can lock in lower electricity rates for the term of your lease.

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 electricity bills so you can be cash flow positive from day one. In addition, you do not have to worry about unexpected repair costs because they are covered under a SolarLease.

Includes Free Monitoring and Repair Service

With a SolarLease, you have peace of mind that your system will continue to perform beautifully for years to come. SolarLease includes SolarGuard® proactive monitoring for the full life of the lease. SolarGuard allows you and SolarCity to continuously monitor your system to ensure it is running smoothly and performing as expected.

In the unlikely event that your system underperforms, SolarCity will alert you and help to remedy the situation. We will send out a repair crew for free warrantee repairs over the life of the lease. This includes replacing a worn out part such as the inverter. The good news is that solar panels typically last up to 30 years or longer, and have few moving parts. So once systems are installed, they require little ongoing maintenance.

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!

Flexibility to Upgrade the System Later

When your SolarLease ends, the power is still in your hands. You can upgrade to a new system with the latest solar technology. You can also extend your lease in 5 year increments or simply have the panels removed for free.

If you sell your home before the end of the lease, you can transfer the lease to the new owners if they qualify with excellent credit, or you can prepay the lease and add it to your home asking price. A solar system will help differentiate your home from other properties on the market—new buyers are looking for green homes that are energy efficient and will help them save money on energy costs.

Financing and Service Options

In some states and utility districts, SolarCity's financing plan is called PurePower. Financing terms vary by location and are not available in all areas. To find out which plans are available in your area, go through our Solar Calculator.

To qualify for financing, you need to have excellent credit (a FICO score of 700 or greater).

 

Save on Electricity Every Month

For a typical 3-bedroom home with a current electricity bill of $200 per month, we might recommend a medium sized 4 kW solar system.

Your new solar system will generate enough electricity to offset what you are currently paying to the utility company from $200 down to $60 per month.

Your SolarLease payment would be $0 down and $110 per month. So you could actually save $30 per month from day one.

You can save $10,050 over the next 15 years, because you have locked in low price for solar electricity while utility rates continue to increase.

Calculate How Much You Can Save

Try our solar calculator to see how much you can save. It's easy and only takes a minute!

 

 

"We've wanted to go solar for quite a long time. With SolarLease we can immediately get all the advantages of solar energy... without blowing our budget."

Don & Ginger Creevy

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