Our Solar Lease Program
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Unlock Immediate Savings and Peace of Mind with Our Solar Lease
Welcome to a smarter way to go solar! Our solar lease program is designed to provide you with the financial and environmental benefits of solar energy without the upfront costs or maintenance hassles. Whether you’re new to solar or exploring different financing options, our solar lease offers a simple, cost-effective solution. (Please note: Our solar lease program is currently available only in Pennsylvania and not in Delaware or New Jersey.)
Why Choose a Solar Lease?
1. Immediate Day 1 Savings Start saving on your electricity bills from the moment your system is activated. Our solar lease program ensures you enjoy lower energy costs right away, giving you financial relief and peace of mind.
2. No Maintenance Costs for 25 Years Forget about repair and maintenance worries. With our solar lease, all maintenance and repairs are covered for the duration of the 25-year lease at no cost to you. This means no unexpected expenses and consistent, reliable performance from your solar system.
3. Predictable Pricing with Fixed Monthly Rates Lock in your electricity rate for the next 25 years. Unlike traditional electricity pricing, which can fluctuate, our solar lease provides predictable, fixed monthly costs, making budgeting easier and shielding you from rising energy prices. You will know your electric rate for the next 25 years!
4. Easy Transfer to New Homeowners We understand that selling your home can be a concern. Our solar lease is designed to be easily transferable to new homeowners, providing a seamless transition and making your property more attractive to potential buyers.
How Our Solar Lease Works
- Simple Approval Process: While our solar lease does not impact your debt-to-income ratio, we do require a minimum credit score of 650. This makes the approval process straightforward and accessible to more homeowners.
- Flexible End-of-Term Options: At the end of your lease term, you can choose to renew the lease, purchase the system at a reduced cost, or have it removed.
- Environmental Impact: By choosing solar, you’re not just saving money—you’re also contributing to a healthier planet by reducing your carbon footprint.
A Trusted Name in Solar
For the first 15 years of our existence, Solar States did not offer a lease because we couldn’t find one with terms that were favorable for our customers. We watched other companies offer predatory lease deals that caused major headaches for customers in our service areas. However, with our new partner, LightReach, we’ve found a lease with terms that are great by our measure. This partnership ensures that our customers receive the best possible financial terms and benefits.
Explore All Your Solar Financing Options
While our solar lease program is an excellent choice for many homeowners, we also offer flexible loan and cash purchase options to suit different financial needs and goals.
Cash Purchase
- Full ownership of the solar system.
- Access to 30% Investment Tax Credit (ITC) and Solar Renewable Energy Certificates (SRECs).
- Immediate and ongoing electricity savings.
Loan
- Spread the cost of your solar system over time with fixed monthly payments.
- Full ownership after the loan is paid off.
- Access to 30% ITC and SRECs, along with immediate and ongoing savings.
Key Points
Differences Between a Lease and a Loan:
- Ownership: Loans provide ownership with tax benefits, while leases pass ownership to LightReach.
- Fixed Rates: Loans offer fixed monthly payments regardless of production, while lease payments are tied to projected panel production.
- Debt Ratios: A lease does not impact your debt ratios, making approval easier.
- Instant Savings: Both options offer immediate savings on your energy bills.
🙂 No Gimmicks. No Pressure.
Submit the form below to get your free quote and find out “How much will this cost?” “How much can I reduce my electric bill?” “What will the system look like?” “What are my payment options?” + any other questions you may have.
Say Hi.
About Solar States – DE, PA, NJ, MD
Solar States is a solar installer and educator based in Philadelphia, Pennsylvania. We are a certified B-Corp and Best for the World Nominee in both 2018 and 2019. We can install solar on any roof – residential or commercial – in Delaware, Pennsylvania, New Jersey, or Maryland. If you have any questions about a transition to a sustainable energy system for your property, we can answer them.
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