Is $216 to install a solar energy system (25-year lease) a fair price?
Project Details
I am considering a 25-year solar lease. My current utility bill is around $400 per month. This quote from SunRun shows a $216/month payment, but I was also quoted a fixed rate option of $282/month, which I would prefer. The $0.160/kWh rate is only for year 1, and the escalating term could lead to payments near $440 by the end of the lease. I believe there's room to negotiate the fixed rate down. I also received a finance quote from another company for $248 per month for the same system, which includes a Tesla Powerwall 3 battery. Luckily, no upgrades are needed for my home. I have since decided to rule out the lease option.
Quote Details
This quote is for a 25-year solar energy system lease from Sunrun, with an initial monthly payment that escalates annually. Key details include: - Lease Term: 25 years - Year 1 Monthly Payment: $216 - Year 1 Energy Rate: $0.160/kWh - Annual Escalator on Monthly Payment: 2.99% - Estimated State and Local Rebates: $5,000 - Estimated Monthly Avg. Pre-Solar Utility Bill: $297 - Estimated Monthly Sunrun Bill: $216 - Estimated Monthly Post-Solar Utility Bill: $20 - Due at Signing: $0
You say...
Vote Distribution
These ratings are not endorsed by Quote Critic. They are submitted by other Quote Critic users like you.
More Details
Category
Solar
Price
$216
Quote Date
October 2, 2025
Location
New York
Comments
No comments yet
Sign in to share your thoughts and ask questions.
Similar Quotes
Lease solar panels
This quote is for leasing solar panels with a fixed monthly payment and an annual escalation. The system is designed to offset the current electricity bill, with an estimated 60% energy offset. - Monthly Payment: $154.00 - Annual Escalation: 2.9% - Lease Term: 25 years - Cancellation Policy: Possible after 5 years, with a price to be determined by an independent source. The homeowner estimates saving around $300 per year after paying the fixed monthly amount.
Lease a 10.25 kW DC solar system
This proposal from SunRun is for a leased solar system with a fixed monthly payment for 25 years. - System Size (DC): 10.25 kW- Estimated Annual Production: 14,145 kWh- Panels: 25 x 410w panels- Inverters: 1- Lease Term: 25 years- Monthly Payment: $183 (fixed, no escalator)
Lease a solar panel system
This quote is for a 25-year solar panel lease with a 0% escalator. The system is designed to offset approximately 69% of the home's annual electricity usage. - Lease Term: 25 years - Monthly Payment: $161.75 - Escalator: 0% - Solar Rate: $0.090 / kWh - System Size: 19.125 kW - Estimated Annual Production: 21,566 kWh - Annual Electricity Usage: 31,400 kWh - Offset Percentage: ~69% - Solar Panels: 425W Jinko Solar - Inverters: Enphase microinverters - Total Cost over 25 years: $48,500