Why might a homeowner choose to finance their solar installation through a lease?

A homeowner might choose to finance their solar installation through a lease primarily because it typically allows them to have no responsibility for maintenance of the solar system. When a homeowner leases a solar photovoltaic (PV) system, the leasing company usually retains ownership of the system, which means they are also responsible for maintenance and repairs throughout the lease term. This can be appealing to homeowners who want to avoid the potential hassles and costs associated with system upkeep, ensuring a more hands-off approach to their solar energy solution.

Moreover, leasing can often require less upfront capital compared to purchasing a solar system, making it an attractive option for those who may not have the financial resources to invest heavily in a system outright. However, while there might be other benefits associated with leasing, such as lowered energy bills and potential tax incentives for the leasing company, the primary draw for many homeowners remains the absence of maintenance obligations.