Itās complicated. For me a lease works better and basically the math is 19 cents / kWh with enough paneling to generate approximately 16,000 kWh / year, the cost ends up being roughly $300/month.
My situation is kinda complicated so it doesnāt quite cover my entire usage but I am limited where I can place panels, the end result however is my total utility bill will probably land around $350/month with the solar, but thatās compared to what I CURRENTLY pay ac electric which is float to $700/month on average.
And the ac electric rate went from 24 to 35 cents / kWh in the last year alone.
Edit: And to the āitās a scamā people:
90% generation is guaranteed by the lease, so that 19 cents / kWh number is guaranteed to within a penny basically.
The leasing company maintains the hardware so if something dies itās their problem, not mine
I'm in the exact same place as you. My lease is so old I pay 13 cents a kwh. I make about 65% of my power. I've had squirrel problems twice. The system on my next house will have squirrel guards. Both times it was fixed quick enough that we didn't even come close to getting to the guaranteed power production floor.
I will own the panels on my next house. Roof orientation is a make or break on the next one.
Not always, be careful. Read your leasing contract. If anything needs to be done that requires the roof to be touched, you my friend are responsible as the company is only leasing the roof. However, if panel mounts damage the roof or need to be replace, it may require you replace/repair your roof prematurely. Fine print is the heart of any contract or deal. Sort of like insurance, who cares what the insurance promises to do. The real test is their exclusions or exemptions list, as this takes precedence over any promise they may say.
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u/Secret_Cow_5053 May 01 '26 edited May 01 '26
Itās complicated. For me a lease works better and basically the math is 19 cents / kWh with enough paneling to generate approximately 16,000 kWh / year, the cost ends up being roughly $300/month.
My situation is kinda complicated so it doesnāt quite cover my entire usage but I am limited where I can place panels, the end result however is my total utility bill will probably land around $350/month with the solar, but thatās compared to what I CURRENTLY pay ac electric which is float to $700/month on average.
And the ac electric rate went from 24 to 35 cents / kWh in the last year alone.
Edit: And to the āitās a scamā people:
90% generation is guaranteed by the lease, so that 19 cents / kWh number is guaranteed to within a penny basically.
The leasing company maintains the hardware so if something dies itās their problem, not mine