Comparative table highlighting the differences between buying a solar system, entering into a Power Purchase Agreement (PPA), and leasing a solar system:
| Aspect | Buy | Lease | PPA |
|---|---|---|---|
| Upfront Cost | High | Low/None | None |
| Total cost of System & Install |  |  | |
| Ownership (immediate ownership) | | | |
| Monthly Payments (unless finance) | | | |
| Warranty Cover | | | |
| System Performance (monitored & managed) | On client | Monitored | Monitored |
| Tax Incentives (eligible for tax benefits) | | | |
| Depreciation (can claim on Taxes) | | | |
| Energy Cost Savings (reduction in Bills) | | | |
| Contract Terms (owns the system) | | | |
| End Contract (buy, renew, remove) | N/A | Options to buy | Options to buy |
These are general guidelines and specific terms may vary based on the solar provider, the agreement, local laws and regulations, and other factors. Always consult with a solar energy professional to understand the details and implications of your solar energy decision.
