Thanks for the advice guys,
Why should I avoid a lease? no money out of my pocket, they warranty the panel and work for 25 years? and I would save about 30k in 20 years? I also would be getting a credit back from the power company for anything that's overproduced every year?
With my house and shop, I am averaging about 13, KW. Probably about 40 panels give or take.
Thanks again
Leases have a number of issues that most people don't realize.
1: a lot of the lease companies structure the lease so you pay more every year. If local electricity prices don't increase at their predicted rate (spoiler alert, they probably won't) then you may end up actually paying more than you would without them.
2: If you ever need to sell your house before the lease expires, it can be a nightmare. Your buyer will need to get approved by the lease company, which will turn off a large percentage of them.
3: Many lease companies will actually place a lien on your property for the entire term of the lease.
There are others that escape me at the moment. You can get low interest loans for solar, so it will still cost little to nothing up front. Then in 5-10 years once you pay off that loan, 100% of your electricity is now completely free. Unless you use more than you anticipated of course.
In the long run, you will save A LOT more buy either buying outright or getting a low interest loan.