Should you lease or purchase your solar panels? Full cost comparison and pros/cons for 2026.
Should you lease or purchase your solar panels? Full cost comparison and pros/cons for 2026. This guide breaks down the key differences to help you make the right decision for your home and budget.
Both options have distinct advantages depending on your priorities — upfront cost, long-term savings, reliability, maintenance, and environmental impact. Below we dive into each factor to help you decide.
Understanding the true cost of each option requires looking beyond the sticker price. Installation costs, ongoing maintenance, fuel or operating costs, and available incentives all factor into the total cost of ownership over 20-25 years.
Reliability matters, especially if you depend on your energy source during outages or emergencies. Solar panels with battery backup offer silent, emission-free power, while generators provide immediate on-demand power regardless of weather conditions.
If reducing your carbon footprint is a priority, the environmental impact of each option differs significantly. Solar panels produce clean energy for 25-30 years with zero direct emissions after installation.
See how much you can save with solar panels for your home. Compare quotes from top-rated local installers.
Get My Free Quote →For most homeowners, we recommend investing in solar panels for long-term energy savings and adding battery storage if backup power during outages is important to you. The combination of the 30% federal tax credit, declining installation costs, and rising utility rates makes solar an increasingly compelling investment.
Use our Solar Savings Calculator to see how much you could save based on your location and energy usage.