Residential solar in New Jersey
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Should I Buy or Lease Solar?

There is no single right answer the best fit depends on your goals, budget, tax situation, and how long you plan to be in your home. This page lays out the real tradeoffs so you can decide which structure makes sense for you.

Three Paths

The Three Ways to Go Solar

Cash Purchase

You own it outright

You pay for the system up front and own it from day one. You keep any incentives the system earns and have no monthly solar payment.

Solar Loan

You own it, financed

You finance the system and own it. You make a monthly loan payment instead of paying the full cost up front, and you may keep any incentives the system earns.

Solar Lease / PPA

A third party owns it

A company owns the system and you pay a monthly amount (or per-kWh amount) for the electricity it produces. Little to no money down, and the owner typically receives the incentives.

Side by Side

How They Compare

FactorCashLoanLease / PPA
Upfront costHighestLower or noneOften little to none
Monthly paymentNone for solarLoan paymentLease / PPA payment
System ownershipYouYouThird-party owner
IncentivesGenerally yoursGenerally yoursUsually the owner
MaintenanceYour responsibilityYour responsibilityOften covered by the owner
WarrantiesManufacturer + workmanshipManufacturer + workmanshipOften covered by the owner
Long-term costLowest over timeLow after payoffHigher over the long term
Selling the homeTransfers with the home; may add valueBalance may need to be paid or assumedLease may need to be assumed or bought out
Buyout optionN/A you own itN/A you own itOften available per the contract terms

This is a general educational comparison, not a quote. Exact terms, savings, and incentive treatment depend on your specific system, financing, and the current program rules. We walk through your real numbers during your solar analysis.

Ready to See the Numbers?

Want to See What Solar Would Look Like for Your Home?

Upload your electric bill and receive a personalized solar analysis no pressure, no obligation. Just honest numbers for your home.

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FAQ

Questions & Answers

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