niveknow
Member
I am under an unusual early offering from SolarCity--Power Purchase Plan. Sort of like a lease but a 20 year agreement whereby they agree to provide me with a certain amount of (solar) power at about $0.17/kW with annual small 'cost of living' increases. I pay monthly. If they under perform (solar output does not meet annual promised goal) they have to pay me $$$$ to cover my PG&E costs, but if they (solar) over produce I pay them for the extra. So in a way they 'rent' my roof as a power plant, install and monitor the hardware, do all of the repairs, etc. The system is amortized/depreciated. I do have a buyout option. Basically I have a hassle-free 20 year solar system, and they make a bunch of money off of me. Would I have made out better $$ wise by buying the system outright--yes, but for me a lot of $$ to tie up. Would a 'standard' lease have been better--maybe. but I am happy to not have to worry about it.
Yes that's very unique. In your case, they're renting your room thus responsible for all the maintenance. For owners, I wonder if it's parts and labor minus the lost of production and associated grid usage that @nwdiver called out.