Colorado Solar Panel Lease

Leasing solar panels can be a cheap way to obtain affordable energy without having to pay any upfront costs.

Colorado solar panel lease.

The average cost of colorado solar panels is 3 25 watt. A typical 6 kilowatt system is 19 500 and 13 656 after the federal tax credit. Learn about colorado rebates for solar financing and solar lease options with a free solar expert consultation. Rates should be near estimates of future inflation with average figures between 1 5 to 2 5 annually.

Talk to a solar expert toll free 1 800 881 8456 are you a solar pro. Community scale projects typically solar gardens of less than 2 mw in size are based on the size of the project and the financial structure of the developer s agreement with the off taking utility sometimes called a power purchase agreement ppa or solar rewards award. Better yet your solar panel system is installed for free and you won t have to pay for maintenance. In return you get all of the solar energy the panels produce which cuts down your electric bill.

If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. 12 a typical solar installation in colorado has an average lifetime savings of 53 171. The main practical distinction between buying and leasing a solar pv system is in ownership. The solar strategy section is focused on the 3 ways of paying for solar in colorado so you can decide which is best for you.

Then we provide detailed analysis of how each works. You pay a fixed monthly payment to a solar installer but you do not own the solar panels. In addition to the 500 application fee annual rent structures are based on the type of renewable energy project. Save 50 off the cost of solar in colorado.

Whether you opt for the flexibility of a solar lease power purchase agreement ppa or full ownership with a solar purchase or a solar loan we have various financing options to help you go solar. If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. Solar leasing and financing options help coloradans go solar without the high upfront cost. Solar lease contracts are usually for 20 to 25 years.

You can lock in energy prices which can save you money if rates increase in the future. Leasing solar panels works similarly to leasing a car. Colorado s lead in solar doesn t stop there. Since utility scale solar leases have terms from anywhere between 15 and 50 years accounting for extensions built in annual rent escalation is the standard.