Can I finance or lease a solar panel system?

Can I finance or lease a solar panel system?

Yes, you have the option to finance or lease a solar panel system for your home in Missouri. Many financing programs and solar leases are available to make going solar more affordable and accessible. Financing allows you to take out a loan to cover the upfront installation costs, and then you can pay off the loan over time with the savings you generate from your solar panels. Solar leases, on the other hand, let you “rent” the solar panels, and in exchange, you pay a fixed monthly fee. While leasing can have lower upfront costs, purchasing the system with cash or a loan is often the more financially advantageous choice in the long run, as you can fully enjoy the energy savings and potential incentives.