A purchased system typically pays for itself in 6 to 9 years . After that, the electricity generated is essentially free for the remainder of the system's life (25+ years).
Modern solar panels are highly durable and usually come with 25-year performance warranties. However, if a component like an inverter fails outside of warranty, the repair cost is yours.
While you save money from day one, those savings are smaller. Most leases include an annual price escalator (often 1–3%), meaning your monthly payment increases over time, which can erode savings if utility rates don't rise as quickly. 4. Impact on Home Resale
A purchased system typically pays for itself in 6 to 9 years . After that, the electricity generated is essentially free for the remainder of the system's life (25+ years).
Modern solar panels are highly durable and usually come with 25-year performance warranties. However, if a component like an inverter fails outside of warranty, the repair cost is yours.
While you save money from day one, those savings are smaller. Most leases include an annual price escalator (often 1–3%), meaning your monthly payment increases over time, which can erode savings if utility rates don't rise as quickly. 4. Impact on Home Resale
