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New Duke Energy PowerPair Incentive up to $9000! LEARN MORE!
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Switching to solar offers new financial options. We are offering our Residential Solar Leasing Program, so you can enjoy immediate savings on your electricity bill without the upfront investment. Here’s how it works:
Get worry-free and affordable solar and battery solutions thanks to EnerWealth’s leasing product guarantee!
A solar lease allows EnerWealth to purchase, install, own, and maintain a solar photovoltaic system on your property which will be connected to Duke Energy’s meter. The energy produced by the system will reduce your power consumption which means your bill will also be lower from Duke Energy. You will make monthly payments to us for the lease term, and these payments are designed to save you at least 10% on your electric bill. Since we own the solar system, you are not responsible for maintenance or operation and you are not eligible for the Investment Tax Credit. However, you may be eligible for an additional monthly incentive payment from Duke Energy because our systems include energy storage.
EnerWealth’s solar lease does not require a large upfront payment, and is designed to save you at least 10% on your electric bill. We also include a battery to increase your energy resilience and ensure power during a grid outage. Producing clean energy on your roof is great for you, the environment, and your budget!
The PowerPair solar lease lasts for 25 years. At the end of the lease, you can purchase the system at a relatively low cost, enter a new lease, or have the system removed from your roof at no cost to you. During the lease term, you agree not to damage the equipment and provide EnerWealth access for repairs.
In a solar lease, the lessor (EnerWealth) receives the tax credit.
With a loan, you own the system immediately and can claim the tax credit. You are responsible for operating and maintaining the system. With a solar lease, EnerWealth handles the operations and maintenance, and claims the tax credits since they own the system.
The lease can be transferred to a new homeowner (subject to conditions in the lease), or you can terminate the lease and increase the purchase price of the house to cover lease balance.
You must be a homeowner with proof of income, such as a recent paystub. Some houses will have conditions that may disqualify you from obtaining a lease with EnerWealth, such as an aged roof or lots of trees that limit solar production.
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