Solar Leasing is extremely popular in Arizona. The Utility Companies have stated that over 75% of all new applications are now leases. The leasing company will guarantee the production of your solar system for the entire 20 year life of the lease, in addition they provide an upgraded monitor for your system, and replace any components including the inverter when it fails around year 14 or 15. The leasing company benefits by being able to depreciate the solar asset and they also receive your utility rebates along with any tax credits.
Two Different Types
1: Zero $ Down-Monthly Payment
The customer puts zero money down and then pays a small monthly fee to the leasing company over the course of the lease.
2: Pre-Paid Lease
With this version the customer makes a single payment upfront and does not incur any additional fees for the entire term of the lease.