This Residential Solar System Equipment Lease Agreement (Agreement) is for a solar leasing company that will own and install a homeowner’s solar system. A solar lease is a financing option for residential solar panels where the homeowner leases panels from a solar company. In a lease, the homeowner pays to rent the solar system. A prepaid solar lease is very similar to purchasing a solar panel system. In a pre-paid solar lease a homeowner pays all of the lease payments up front when the homeowner signs the contract.