Buying vs. Leasing
There are several factors to consider when deciding whether to buy or lease your system.
- Buying a renewable energy system from a contractor or manufacturer means paying for it up front or financing your purchase through a bank loan. You own the entire solar system and federal and state tax credits may be available. Please consult with your tax advisor.
- Leasing allows you to "rent" the renewable energy system for a set period of time. Generally, you pay a fixed monthly rate no matter how much energy the system produces each month. This rate may escalate each year during the term of the lease. Because you do not own the system, federal and state tax credits may not be available. Please consult with your tax advisor.
IMPORTANT NOTE: If you purchase or lease your solar system by 12/31/2020, please note that the current Net Energy Metering tariff has been approved through 12/31/2025 – after which the cost structure for your customer generation will change.
SCE&G Equipment Requirements to Review with Your Installer
Work with your installer to ensure the following equipment is included with your system: