Compare the total cost of leasing versus purchasing a solar PV system over the ownership period.
Input Parameters
Results
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25-Year Buy Net Cost
$
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25-Year Lease Cost
$
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25-Year Buy Savings
$
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Better Option
Note: Purchasing typically provides better long-term value if you can utilize the tax credit. Leases require no upfront cost but you do not own the system or receive tax benefits.
Reference
Buy Net Cost = Purchase - Tax Credit + 25yr O&M
Lease Cost = SUM[Monthly x 12 x (1+esc)^t] for t=0..24
Buy Savings = SUM[Annual Savings x (1+3%)^t]
O&M estimated at $500/yr for purchased system