NOW AVAILABLE FOR CUSTOMERS IN VIRGINIA!!!

Solar Leases and PPAs

We're pleased to announce that Solar Leases, also known as Third-Party Owned (TPOs) are now available in Virginia for residential customers. Plus, we offer financing options for commercial solar installations with Power Purchase Agreements (PPAs).

What is a Solar Lease or TPO (third-party owned)?

A Solar Lease or TPO (Third-Party Owned)Agreement is a financial agreement between homeowners like you and a solar developer that allows you to benefit from solar energy without an upfront commitment of paying for the system installation.

A close up of a sunflower with a sunset in the background

What is a Solar PPA (power purchase agreement?)

A Solar PPA (power purchase agreement) is a financial agreement for commercial customers and  a solar developer that allows your business to make the change to solar without upfront installation costs. 

An aerial view of a large solar farm in the middle of a forest.

How Do Solar Leases/TPOs and Solar PPAs Work?

Solar Leases (also known as TPOs) are leases designed for residential customers. Solar PPAs are offered to commercial customers. However, both work in a similar fashion for homeowners and business owners.


A solar company/developer installs and takes care of the solar panels on your property. Instead of buying the solar panels, you agree to buy the electricity they make.


The best part? The price you pay for this solar electricity is usually lower than what you’d pay to your regular electric company.


So, you get clean energy and save money at the same time!

Two men are working on a solar panel on a roof.

Benefits of a Solar Lease PPA

Save Money on Your Electric Bill

The electricity you get from the solar panels is usually cheaper than what you’d pay to your electric company. In most PPAs, you either pay a set price that stays the same for the whole contract or follow a plan where the price goes up a little bit each year (usually 1-3%). Either way, you’re saving money, especially as regular electricity prices keep rising.

The Solar Company Does the Work

With a PPA, the solar company handles everything. They design the system, get the permits, and install it on your roof or land. They also take care of service repairs for the entire time the PPA lasts, which is usually between 10 and 25 years. You don’t have to worry about anything—they do all the work, and you get the benefits of solar power.

No Large Upfront Costs

The solar company covers all the costs of installing the system, which means no hefty upfront cost for you. Whether you’re a homeowner or a business owner, this makes it easy to start using solar power without spending a lot of money right away. Once the system is working, you start saving on your energy bills!

Increase Property Value

Solar installations have been shown to boost property values. This gives you peace of mind whether you plan to stay in your home or own your commercial property long-term, or whether you decide to sell your home or business property in the future.

Should I Buy or Lease?

Solar Loans v. Solar Leases

Deciding between a solar loan and a solar lease depends on your financial goals and utility specifics. Both options have unique benefits, and here's a breakdown to help you make the best decision.

Solar Loans

  • You own the panels and finance them over time.



  • Eligibility for Federal Investment Tax Credit (ITC) to offset the cost of going solar.


  • As the owner, you may be eligible for Solar Renewable Energy Certificates (SRECs).


  • Solar loans are widely available for minimal upfront costs. 

Solar Leases

A third party owns the panels; you pay a fixed fee for the energy, often much lower than utility rates.


The leasing company receives the tax benefits instead of you.


Leasing means there is minima upfront cost for you.


You’ll receive a 25-year production guarantee.

Enjoy the Affordable Benefits of a Solar PPA


Solar energy for your home is your first step toward energy independence.


Our goal is to empower homeowners with solar solutions that meet your specific needs. In addition to energy independence, we also want to save you money while reducing your carbon footprint.


Contact us today for a free consultation to explore the best solar options for your home and family.