Blog | Apollo Leasing

At Apollo Leasing, we believe in transparency. We want you to understand exactly how your solar lease payment works, so you can feel confident in your decision to go solar. This post breaks down the components of your payment, explains the reasoning behind them, and shows how Apollo keeps your energy costs predictable and affordable.

Your Simple Monthly Payment

Your Apollo solar lease payment has two main parts:

1. Base Payment: This is your starting monthly payment, determined by the size of your system and your estimated energy production. It's designed to be significantly lower than your current average utility bill – often 20-30% less!

2. Annual Escalator: To account for inflation and the rising cost of energy, your payment will increase by a small, fixed percentage each year (2.99% with Apollo). This is a standard practice in the solar industry, and it's crucial to understand how it works.

The Apollo Escalator: Keeping You Ahead of Rising Utility Costs

While any increase might seem concerning, the Apollo escalator is designed to protect you from the even larger increases you'd likely see with your traditional utility company. Here's the key:

Predictable Increases: With Apollo, you know your payment will increase by 2.99% each year. Utility rates, on the other hand, are unpredictable and often rise much faster.

Still Lower Than Utility: Even with the escalator, our projections show that your Apollo lease payment will consistently remain lower than what your corresponding utility bill would have been. We start with a lower base payment and the escalator is carefully calibrated.

Short Term Lease, Long Term Benefit: With our 5-year lease model, and option to purchase the system outright at a very competitive price, and then locking in a refinance payment, our customers are always saving more than they would have if they would have never gone solar.

Example:

Let's say your starting monthly payment is $100:

Year 1: $100.00

Year 2: $102.99

Year 3: $106.07

Year 4: $109.24

Year 5: $112.51

Even with the increases, these payments are likely to be significantly less than what you'd pay your utility company over the same period. Then, with Apollo's payoff option at the end of year five, customers can refinance at affordable rates and lock in a long-term monthly payment.

Easy and Automatic Payments

Apollo makes paying your bill simple and convenient:

ACH Only: Payments are automatically deducted from your bank account each month via ACH (Automated Clearing House). This ensures timely payments and avoids any hassle.

Due Date: Your payment is due 30 days after your system is connected to the grid, and on the same day each month thereafter.

Potential Fees (Transparency is Key!)

We believe in being upfront about all potential costs:

Late Payment Fee: If a payment is more than 5 days late, there's a fee of 1.5% of the past-due amount.

Returned Payment Fee: If a payment is returned for insufficient funds, there's a $25 fee.

Lack of Internet Fee: There may be a fee if the required internet connection for system monitoring is not maintained.

The Apollo Advantage: Predictability and Savings

The Apollo Leasing payment structure is designed to be:

Transparent: You know exactly what to expect.

Predictable: The annual escalator is fixed and clearly defined.

Affordable: Your payments start lower and are designed to stay lower than traditional utility costs.

Flexible: With our 5-year payoff option, you have the ability to refinance your system into a loan at a lower interest rate than the escalator, locking in your monthly payment for decades.

Ready to learn more about how Apollo Leasing can save you money on your energy bills? Contact us today for a free, personalized quote!

Understanding Your Apollo Solar Lease Payment: Simple, Predictable, and Affordable