Is $48,500 to lease a solar panel system a fair price?
Project Details
I am based near Charlotte, NC. This is my forever house so I am not worried about needing to sell in the future. I am familiar with the drawbacks of a lease (e.g., don't own the panels, etc.). While I would prefer to buy outright, I don't have the freely available capital to make it happen and the financing I've seen is all higher rates, meaning I would pay more per month compared to the lease. I am seeking feedback on these terms or comparisons to other deals.
Quote Details
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
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More Details
Category
Solar
Price
$48,500
Quote Date
August 11, 2025
Location
North Carolina
# of Panels
45
System Size (kW)
19.125
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