What’s a solar lease or solar power-purchase agreement?
In a solar lease or solar power-purchase agreement (also known as a "PPA"), a customer pays for the solar power system over a period of years, rather than in an up-front payment. In a solar lease, customers can purchase solar for little or no money down, and can often realize energy savings immediately. In a power-purchase agreement, a customer agrees to purchase all the energy from a solar system over a fixed period of time. Read more about solar leases and PPAs on our third-party financing page.
SEIA has developed standardized model contracts for a variety of solar financing options, including leases and PPAs. We encourage our companies to use these templates to make the process of shopping for solar as easy as possible.