Solar buyout calculator
Should you buy out your solar
or pay off your loan early?
Compare a lease or PPA buyout quote to the payments you have left, or see how much interest you'd save by paying off a solar loan early.
Payments left on your lease or PPA
How the calculator works
Lease or PPA: the payments you have left grow by your yearly increase at the start of each contract year. "Value of those payments today" discounts them at the return you entered, which shows what a fair lump sum might look like. A quote above that number means you'd likely pay more by buying out than by finishing the contract, before counting repairs, the home sale, or the end-of-term value of the system.
Solar loan: uses a fixed interest rate and your current monthly payment. Interest saved is the interest you'd pay from here to the end of the loan if you kept the same payment. Check your loan agreement for any prepayment terms before you pay it off.
This is an estimate. Your buyout quote or payoff letter is the real number.
Before you buy out
Questions to ask about a buyout quote
Ask how the price was calculated, whether it includes taxes or fees, what warranties transfer to you, and whether the company will remove its UCC filing once you pay. Get the quote and the terms in writing.
Selling your home?
A buyout isn't your only option
Many leases can be transferred to a buyer. Compare the transfer process, the buyout price, and what buyers in your area expect before you decide.