The age of the solar panels. Although they can last longer, solar panels typically have a warranty of 25 years. If the panels on your potential new roof are over 15 years old, you should pause and consider this. Panels operate less efficiently as they age, so the older they are, the less power they can produce.. The typical solar lease lasts around 20 years, but terms may vary between solar panel installation companies. Some companies offer leases for up to 25 years, which aligns with the average home solar panel life span. Your lease agreement will include panel maintenance and servicing terms for the length of your contract.

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Another study by the U.S. Department of Energy found that home buyers are willing to pay $15,000 more for a house with solar panels. Since having solar can increase a home's property value, it can potentially drive up property taxes; however, many U.S. states exempt this extra value from property tax assessment.. While buying a home with leased panels can offer long-term savings and lower electricity costs, it may also involve extra paperwork, increased monthly payments for low-electricity users, and potential transfer costs. Ultimately, the decision to buy a home with leased solar panels depends on the terms of the lease and the buyer's energy needs.