Renting Solar vs. Buying Solar
| Expense |
Renting |
Buying |
| Current Utility Electric Bill |
$158 mth / $1896 yr |
$158 mth / $1896 yr |
| Yearly kWh |
17500Kwh |
17500kWh |
| Monthly kWh |
1440kWh |
1440kWh |
| Escalation(Utility Rate Increase) |
None |
6% |
| Escalation(Solar Rental Increase) |
No Increase Ever |
N/A |
| PV System |
|
|
| Size |
10K Watt-dc PV |
10K Watt-dc PV |
| Cost Per watt |
None |
$7.00 per watt-dc |
| Total Cost |
None |
$70,000 |
| PV System kWh Production |
17,500 kWh year |
17,500 kWh year |
| Financial |
|
|
| Payment |
Rental Payment |
Home Equity Loan |
| Down Payment |
Deposit 1st & Last Months Rent |
None |
| Rental Life / Loan Life |
25 years |
25 years |
| Loan Rate |
N/A |
8% |
| Utility rebates for residential (PV) |
None |
$20,000 |
| Federal Tax Credits 30% |
None |
$15,000 |
| AZ Tax credits |
None |
$1,000 |
|
|
N/A |
$34,000 |
| Monthly Rental / Monthly Loan |
$123.00  |
$284.00  |
| Savings by Renting over Buying with 20 years with Lock Rental Rates! |
$38,734.00 |
$34,254.00 in interest over 20 years. Total Cost - $68,254.00! |
| Maintenance PV System |
None, Maintenance cover in rental contract |
Owner Cost $$$ |
| Technology Upgrades |
Upgradable |
Purchase New System |
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SolarForLease™ - Coming to a Roof Near You!
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