r/TeslaSolar • u/Think_Sheepherder933 • 20m ago
Debating between purchasing and lease to buyout in Bay Area
Hey all, I got a quote for an 8.8kw system with a PW3 and expansion pack in the Bay Area, CA and keep going back and forth on whether to purchase the system with a loan (~$40,000) or leasing the system until the buyout after five years. The buyout is capped at $24,950 or FMV, whichever is less.
The difference between lease and purchase is not very much overall and the lease would free up some capital to do some other home improvement projects. Are there additional taxes or fees associated with the buyout after five years? Does anyone have any strong opinions either way or any horror stories one way or the other?