At SolarCity we believe clean solar energy should be affordable. That’s why we created SolarLease, a way for homeowners to economically capture clean energy from the sun.

• Low Initial Payment
  You can afford to go solar now without the high upfront cost.
• Save on Your Monthly Energy Bills
  With a SolarLease, you pay as you go, instead of all at once. Monthly lease payments are usually lower than what you are currently paying the utility company. So you can save money every month!
  Not only that, but this savings can grow over time as utility rates continue to increase. That’s because utility rates have historically increased over 5% every year. With a SolarLease, you can lock in lower electricity rates for the term of your lease.

SolarLease Example for Typical 3-Bedroom Home

For a home with a monthly electricity bill of $250 we would recommend installing a 4.0 kW size system.

This system will generate enough electricity to offset what you are currently paying to the utility company from $250 down to $100 per month. Your monthly SolarLease payment would be $125, so you could actually save $25 per month from day one.

• Smart Financial Investment
  A SolarLease is a better investment than a cash purchase because you do not have a big upfront payment and you can save your money for other opportunities. You o 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 that are covered under a SolarLease.
• Free Repair Service
  If your solar system is in need of repair, we will send a SolarCity crew to fix it for free over the life of the lease. This includes replacing worn out parts such as the inverter. The good news is that solar panels typically last up 30 years or longer, and have few, if any moving parts. So once they are installed, they require little ongoing maintenance.
• SolarGuard System Monitoring Ensures Optimal Performance
  With SolarLease, your system will be continuously monitored using our state-of-the-art SolarGuard monitoring system. In the unlikely event your system’s performance starts to dip, we will know it right away. We will give you a call to schedule a technician to come to your home for a free repair for the life of your SolarLease!
  With SolarGuard, you can also access your personal web page to watch your system’s performance over time and how it is affected by season and weather. We’ll show you the cumulative environmental and financial benefits of using solar energy.

• We Guarantee the System Performance or 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!
• Flexibility to Buy or 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, buy the system, 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 buy out the system ahead of time and add it to your asking price. A solar energy system is a financially-attractive and differentiating feature for home buyers—and may help your home stand out against others. If you should ever decide to place your home on the market, the solar system can be a distinct asset.