With financing a solar system, you purchase a solar energy system from a chosen solar installer through a third-party finance partner, and your loan provider is responsible for your billing for the solar energy system. Because of this, you’ll get two bills: one from your utility company for the energy you consume, and one from your loan provider for the payments for the solar energy system.
Because you purchase the solar energy system, you have the benefit of owning the system outright and any power it may produce. This may be beneficial for you because it means you’re making payments towards a complete system, which may be cheaper than leasing it at a set market rate or buying the power at a variable market rate.
This also means that you may be eligible for any tax credits that may come to you because you own and operate your own solar energy system.