Leasing solar panels means that you rent the solar system from a solar company. You won't own the system, but you'll benefit from the energy it produces. You'll typically pay a fixed monthly fee for the duration of the lease term, which can range from 10 to 20 years. The solar company will be responsible for all the maintenance and repairs.

A Power Purchase Agreement (PPA) is a contract between you and Elios, where Elios installs the solar panels on your property and maintains the system. You don't have to pay anything upfront and only pay for the solar energy produced by the installed solar panels. Elios owns the system and is responsible for all the maintenance and repairs. With a PPA, you can enjoy the benefits of solar without the upfront costs or maintenance responsibilities, making it a hassle-free and cost-effective solution.

The best option for you will depend on your personal preferences, financial situation, and goals. If you have the financial resources to invest upfront and want to own the solar system, buying may be the best option for you. If you're not able to invest upfront and want to avoid the maintenance and repair costs, leasing may be a better option. If you want to enjoy the benefits of solar without the upfront costs or maintenance responsibilities, a PPA may be the best option for you.

While it's difficult to say which option provides the greatest savings, a PPA can be a cost-effective solution for homeowners looking to go solar without the upfront costs or maintenance responsibilities. With a PPA, you'll typically pay a fixed rate per kilowatt-hour for the solar energy produced, which can be less than what you're currently paying for electricity.

The solar company that owns the system will be eligible for any tax credits and rebates, but these savings are typically factored into the fixed rate you'll pay for the solar energy produced.

In most cases, you'll have the option to purchase the solar system at the end of the PPA term.

If you lease or have a PPA agreement and you move, you may have the option to transfer the agreement to the new homeowner. In some cases, you may be able to buy out the lease or PPA agreement and take the system with you to your new home.

If the solar system doesn't produce enoughenergy, you'll typically still be responsible for paying your electricity billto your local utility company. However, the solar company may offer aperformance guarantee.

Adding more panels to your leased or PPA solar system may not be possible, as the solar company owns and maintains the system. If you want to expand your solar system, buying may be a better option for you as you will own the system and have the ability to add more panels.