Is $120 to lease solar panels a fair price?
Project Details
I am new to solar and was recommended to look into it by a buddy who has had positive experiences with Palmetto Solar. I've spoken with multiple solar companies and received several loan and lease quotes. I'm considering this specific lease deal and am looking for feedback on whether it's a good option, especially since I've seen many people in this group complain about negative experiences.
Quote Details
This quote is for a 25-year solar panel lease agreement. The system is designed to offset 104% of the home's total consumption, with a 90% production guarantee included in the contract. The estimated first year consumption for the house is 11,568 kWh, and the system's estimated first year production is 12,036 kWh. There are no upfront costs due at contract signing or installation. The kWh rate and monthly payment are fixed for the entire term with no escalator. - Lease Term: 25 years - Total Panels: 27 - Total Consumption Offset: 104% - Warranty: Full 25-year warranty - Amount Due at Contract Signing and Install: $0 - Rate per kWh (Year One): $0.120 - Monthly Payment Amount (Year One): $120.36 - kWh Rate Escalator: 0.0% for the term of the agreement - Production Guarantee: 90% included in contract
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More Details
Category
Solar
Price
$120
Quote Date
August 21, 2025
Location
Pennsylvania
Battery Storage?
No
# of Panels
27
Warranty (yrs)
25
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