Partner and Save
Finally, another popular way to finance solar panel cost is with a Power Purchase Agreement, also known as a PPA. In this model, the solar panel system on your roof is owned by another partner, who then provides you with solar power at a lower cost than your utility rates over a 20-year contract.
Like a solar loan, in this leasing model you can realize savings from day one with little or no upfront costs. Much like leasing a car, the benefits over the life of your solar investment will be less than owning the system outright. On the plus side, PPA’s are often easier to qualify for than loans, making them the best option for many customers
Pros: Easy approval, save from day one
Cons: Lower lifetime savings compared to loans