Solar Lease – Definition, Glossary, Details – Solar Mango

A Solar Lease is a legal document outlining the terms under which one party agrees to rent Solar property from another party. A Solar Lease can be a better and more affordable investment than purchasing a solar PV system with cash because there is no big upfront payment. A solar lease differs from a solar power purchase agreement (PPA) in that the user is leasing the equipment, whereas in a PPA, the user is paying for the energy the panels produce.