What is Solar Leasing?
What is a solar lease?
A solar lease is a financing option where EnerWealth owns, installs, and maintains a solar system on your home while you pay a fixed monthly amount for its use. The system is connected to your Duke Energy meter and is designed to reduce your overall electricity costs by producing power on-site.
Because EnerWealth owns and operates the system, you are not responsible for maintenance or repairs. Some customers may also be eligible for additional utility incentives when energy storage is included.
What are the benefits of a solar lease?
A solar lease allows you to go solar without a large upfront investment while lowering your monthly electricity costs from day one. Most systems are designed to provide at least 10% savings compared to your current utility bill.
Many lease systems also include battery storage, helping you maintain backup power during outages and increasing your energy independence.
How long is a solar lease and what happens at the end of a term?
A solar lease typically lasts 25 years. At the end of the term, you can purchase the system at a reduced cost, renew your lease, or have the system removed at no cost, depending on your preference and agreement terms.
During the lease, you agree to keep the system in good condition and provide access for any necessary maintenance or service.
How is a lease different than a loan?
A solar lease means EnerWealth owns and maintains the system, while you pay a monthly fee to use the energy it produces. With a loan, you own the system, are responsible for maintenance, and take on the full operational responsibility.
In a lease, maintenance and performance management are handled for you, making it a more hands-off option compared to ownership through financing.
What happens if I sell my home?
Qualification is based on homeownership status, basic income verification, and property sustainability. A recent paystub or similar documentation is typically required.
Homes may not qualify if conditions such as significant shading, roof age, or structural limitations would prevent the system from performing effectively.
How do I qualify?
Solar Leasing Made Simple.
Your Power, Your Choice

