Cost Benefit Analysis of Leasing Versus Buying Solar

Abstract

I conducted a cost-benefit analysis of buying solar panels versus leasing them. This study was performed on three residential locations and three commercial locations, which all had different square footage and usage. I found that with smaller system sizes for residential locations, leasing is not the best option. Otherwise, buying and leasing for larger system sizes is based on personal preference. This study demonstrated what the total cost to buy specific system sizes would be and what a customer would save based upon the cost of a leasing program month to month and annual savings based on a Power Purchase Agreement. This study showed the benefits of going solar and what program, lease or buy, could fit you as an individual.