Buying vs Leasing Solar - What Sunrun, Vivint, and Sunnova don't want you to know!

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Contact info - Julian Todd-Borden
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In this video, Julian and Tyler explain why you should probably not do a PPA and just buy your system instead. PPA's are misrepresented and sold by people who oftentimes don't really know what they are selling.

Here's a breakdown of the math....

Let's say we are talking about an 8kw system in this example. If you were going to buy the system, market value would be around $25-29k depending on several factors. If you were to assume tax credit pay down on a 12 year term that I personally sell, assuming 27k sale price, payment would be around $183. 12 year at 4.99% interest rate.

$183 X 12 months X 12 years = $26,352 which includes the interest...

Even if you cannot take the tax credit at all because you don't have the tax liability, your payment over 12 years on the same loan would be $249 per month.

$249 X 12 months X 12 years = $35,856

Now if that same system were on a 25 year PPA term, even without an escalator rate, the math isn't even close. The way a PPA is priced is by the system's production, Let's say this system is produce 13,500kwh a year and your price per kWh is 13 cents which would be considered "giving away a deal" by the sales consultant. So, this is the very best case scenario and you'd be getting the best PPA deal ever. 13,500/ 12 months = approx 1,125kWh a month. at 13 cents per kWh, that's a $146 payment.... FOR 25 YEARS!

$146 X 12 months X 25 years = $43,800.

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