Understanding your options
Prepaying and buying out your system work very differently, so it's worth knowing the distinction before you decide.
Prepaying your lease
Prepaying means you pay all remaining monthly lease payments upfront in advance. Palmetto keeps ownership of the solar system, and your service, maintenance, and support continue exactly as outlined in your original agreement.
Buying out your system
A buyout means you purchase the solar system from Palmetto and become the full owner. Once the buyout is complete, all warranties, maintenance agreements, and service contracts with Palmetto end. This option is only available after the first five years of your Palmetto Energy Plan lease.
When can you request a buyout quote?
You're eligible to request a buyout quote on the fifth anniversary of your system interconnection date, any time after that, or if you're selling your home during the initial lease term. See our Selling Your Home guide for details on that scenario.
How is the purchase price determined?
The price is based on your system's fair market value at the time of your request. An independent appraiser determines this value using data from comparable solar systems in your area, so the price reflects current market conditions and your system's actual performance.
The full quote process typically takes 10 to 15 business days from the date all required documents are submitted. The appraisal itself takes 24 to 48 hours, but document collection and processing add to the overall timeline. Submitting documents promptly and completely is the best way to avoid delays.
What if my quote expires?
Buyout quotes are valid for 30 days. After that, a new appraisal is required because solar system market values fluctuate over time. If your quote expires, we'll let you know and walk you through requesting an updated one.
Ready to get started?
To request a lease prepayment or a buyout, complete the form below.
On the form, select Lease/PPA Pre-Payment from the Request Type dropdown. Once submitted, a team member will follow up with next steps.
Have an upcoming closing or deadline?
If you have a home sale or refinancing closing date, submit your request as soon as possible. The 10 to 15 business day timeline starts only once all documents are received, so delays in submitting documents will push back your quote.
⚠️ Closing within 5 business days and your request is still unresolved? Please let our team know your closing date. We'll escalate your request as a priority.
Questions about your options or the status of your request?