Another form of leasing is a solar power purchase agreement (solar ppa). With a solar PPA, an operator will install a solar system on your roof for free. You then agree to buy electricity from the operator at a reduced rate, instead of from your electricity retailer. The agreement will likely run for a fixed term eg. 15 – 20 years. Ownership of the system belongs to the installer and scheme operator. You get to enjoy some of the savings and advantages of solar power without paying for the system yourself.
We must point out, that whilst you will benefit from savings, you would not be financially better off under this type of arrangement as opposed to buying the solar system yourself outright.