SolarLease Program for $0 Down
SolarLease
At SolarCity we believe clean solar energy should be affordable for everyone. That's why we created the groundbreaking solar lease option SolarLease™, a way for homeowners to go solar without any upfront cost and save money from day one.
Go Solar for $0 Down
Now you can afford to go solar without the high initial cost of installing a system. Instead of buying the equipment, you simply lease it. SolarLease is the most popular residential solar financing option in the country!
Save on Electricity Costs from Day One
With a SolarLease, you pay as you go, instead of all at once. The combination of your low monthly lease payment and smaller electricity bill is typically less than what you pay the utility company today. So you can start saving money from the very first day.
Savings Grow Every Year
Your savings can grow over time as utility rates continue to increase. Historically, utility rates have increased over 5% every year. With SolarLease, you can lock in lower electricity rates for the term of your lease.
Smart Financial Investment
A SolarLease can be a better investment than purchasing your system with cash because you do not have a big upfront payment and can save your money for other opportunities. You save money every month on electricity bills so you can be cash flow positive from day one. In addition, you do not have to worry about unexpected repair costs because they are covered under a SolarLease.
Includes Free Monitoring, Repair Service and Insurance Coverage
With a SolarLease, you have peace of mind that your system will continue to perform beautifully for years to come. SolarLease includes SolarGuard proactive monitoring for the full life of the lease. SolarGuard allows you and SolarCity to continuously monitor your system to ensure it is running smoothly and performing as expected.
In the unlikely event that your system underperforms, SolarCity will alert you and help to remedy the situation. We will send out a repair crew for free warrantee repairs over the life of the lease. This includes replacing a worn out part such as the inverter. The good news is that solar panels typically last up to 30 years or longer, and have few moving parts. So once systems are installed, they require little ongoing maintenance.
SolarLease includes insurance coverage. Our all-inclusive system coverage protects against damage or theft.
We Guarantee System Performance or We Will Pay You Back
We're so confident with our system installation and design that we guarantee your system will perform as promised or SolarCity will pay you the difference! Our guarantee considers normal weather variations and solar panel performance over time. We track your system performance through our SolarGuard monitoring service, so we know exactly how much energy it is producing every day, week, month and year!
Flexibility to Upgrade the System Later
When your SolarLease ends, the power is still in your hands. You can upgrade to a new system with the latest solar technology. You can also extend your lease in 5 year increments or simply have the panels removed for free.
If you sell your home before the end of the lease, you can transfer the lease to the new owners if they qualify with excellent credit, or you can prepay the lease and add it to your home asking price. A solar system will help differentiate your home from other properties on the market—new buyers are looking for green homes that are energy efficient and will help them save money on energy costs.
