synrg.SOLAR

THREE WAYS TO GO SOLAR

Same sunshine.
Different ways
to get there.

Cash. Loan. Lease.
Understand the differences. Choose with confidence.

Compare Your OptionsTalk it through
Homeowners and Synrg. representatives looking up at rooftop solar panels

START WITH OWNERSHIP

Own the system.
Or lease the equipment.

With cash or a loan, you purchase the solar system. With a lease, a provider owns the equipment and you pay to use it. That choice shapes the cost, responsibilities, and flexibility of your agreement.

Brick suburban home with rooftop solar panels

01 / CASH

Buy it
outright.

Pay the purchase price without borrowing. You own the equipment and avoid loan interest.

The appeal
No ongoing solar loan or lease payment.
The tradeoff
A larger upfront investment; you arrange maintenance and repairs, subject to warranties.
A question to ask
What is included in the complete installed cash price?
Synrg. representative discussing options with a homeowner

02 / LOAN

Own it.
Pay over time.

Borrow to purchase the system, then repay the lender under the loan terms.

The appeal
Ownership with costs spread across scheduled payments.
The tradeoff
Interest and fees can increase total cost. Approval, down payment, and collateral requirements vary.
A question to ask
How do the cash price, financed price, APR, and total payments compare?
White suburban home with a rooftop solar array

03 / LEASE

Use solar.
Lease the system.

A provider owns the equipment. You make lease payments for its use over the contract term.

The appeal
Often little or no upfront cost, with provider maintenance typically included.
The tradeoff
You do not own the system. Annual payment increases, transfer terms, and buyout rules depend on the contract.
A question to ask
What will I pay over the full term, and what happens when it ends?

SEE THE DIFFERENCES

Your options.
Side by side.

Compare the full agreement,
as well as the monthly payment.

General comparison. Your written proposal and contracts determine actual terms.
What mattersCashLoanLease
System ownerYouYou, subject to financing termsProvider
Upfront costPurchase priceDown payment variesOften low or none
Ongoing solar paymentNone after purchaseLoan principal, interest, and applicable feesLease payment; may increase annually
Maintenance & repairsOwner responsibility, with warranty coverage as applicableOwner responsibility, with warranty coverage as applicableUsually provider; confirm coverage and exclusions
Selling the propertyTransfer system and warranty documentsResolve loan balance, liens, or transfer requirements with lenderProvider-approved transfer or buyout may be required
End of payments / termYou continue owning the systemYou continue owning it after repaymentRenewal, purchase, or removal options depend on contract

Utility charges may remain with every option. Savings depend on production, usage, rates, and contract costs. Available incentives and who receives them depend on current program rules, ownership, eligibility, and contract terms.

COMPARE WITH CLARITY

A few questions.
A more informed
decision.

Ask for the details in writing before you sign.

  1. 01

    What is the total commitment?

    Compare upfront amounts, all scheduled payments, fees, and any annual increases over the same period.

  2. 02

    Can my payment change?

    For a loan, check whether a later payment assumes a lump-sum prepayment. For a lease, ask about an annual escalator.

  3. 03

    Who handles service?

    Confirm monitoring, repair coverage, roof-related removal and reinstallation costs, and warranty exclusions.

  4. 04

    What if my plans change?

    Review early payoff, buyout, transfer, and end-of-term terms before a move or refinance.

ONE MORE DISTINCTION

Lease or PPA?
Check what you pay for.

A lease generally charges for use of the equipment. A power purchase agreement (PPA) generally charges for the electricity it produces, usually per kilowatt-hour. Both involve third-party ownership, but their payment structures differ.

Ask which agreement you are being offered and how its charges change over time.

YOUR PROPERTY. YOUR PRIORITIES.

Let's find your
way forward.

Bring your questions. We'll help you understand the options for your project.

Compare Options With Synrg.CALL 833-GO-SYNRG