Why Ownership Matters
Buying your solar system outright (or through a green loan) puts you in control. You own the panels, reap all the savings, and often increase your home’s value. You’re eligible for local rebates, federal STCs (Small-scale Technology Certificates), and may even get access to additional incentives like battery rebates or VPP participation bonuses.
Pros:
- Long-term savings
- More rebates and incentives
- Greater system control
- Can add a battery or upgrade more easily
- Increases property value
Cons:
- Higher upfront cost
- May require financing if cash isn’t available
Leasing: A Low-Commitment Alternative?
Leasing might appeal to those who want solar with little to no upfront investment. In a lease agreement, a company installs and maintains the system, and you pay a regular fee—usually lower than your current electricity bill. However, you won’t own the system, and that limits your access to certain rebates and upgrades.
Pros:
- Low or no upfront cost
- Maintenance often included
- Predictable payments
Cons:
- Fewer long-term savings
- Not eligible for all rebates (including new battery incentives)
- Less control over the system
- May complicate home sales
Green Loans and Finance Options
Another middle ground is financing your solar system with a low-interest green loan. This lets you spread the cost over time while still owning the system outright. Many Australian banks and clean energy lenders now offer attractive finance options for solar and battery systems.
Pro tip: With the right system and energy habits, your energy savings could offset your loan repayments.
How Rebates and Incentives Impact Your Decision
With generous state-based rebates and the new Cheaper Batteries for Homes scheme launching on 1 July, owning your system could make even more financial sense.
Eligible households and small businesses with systems between 5kW and 50kW can claim rebates—even for off-grid setups—as long as the system is switched on after 1 July, regardless of when it was installed.
Leased systems? In most cases, not eligible.
Final Thoughts
Whether you choose to lease, buy, or finance your solar system, it’s worth understanding how each path impacts your long-term energy savings and your ability to benefit from current rebates.
Still unsure? Chat to your solar provider or installer—and don’t be afraid to ask questions. The right choice is the one that works best for your goals, budget, and plans for the future.
