Outright Purchase Option is Your Gateway to Long-Term Sustainability
The outright purchase option allows you to take full ownership of the solar system from the moment of installation. This means there are no ongoing payments, leases, or third-party obligations, just you and your energy independence. By choosing this model, you make a one-time upfront investment, which can lead to substantial long-term savings and a noticeable increase in your property’s value. Owning the system outright also gives you complete control over its usage, performance, and maintenance schedules.
UnlikePPAs or leasing models, where the provider retains ownership and you pay per kilowatt-hour consumed, an outright purchase gives you the freedom and flexibility to harness solar energy on your own terms. It eliminates monthly bills associated with system usage and protects you from rising utility rates, ensuring long-term energy cost predictability.
While this model requires a higher initial capital outlay, it is ideal for institutions or individuals seeking to secure energy resilience and maximize the return on their investment. If you’re looking for total energy autonomy and the financial benefits that come with it, the outright purchase option is your gateway to long-term sustainability.
Key Advantages
- Ownership: You fully own the system, including the panels, inverters, and other components, giving you control over its operation and maintenance.
- Long-Term Savings: You can realize significant savings on electricity bills over the system’s lifespan, typically 25-30 years, as you reduce your reliance on the grid.
- Increased Property Value: A solar system can be a valuable asset, increasing the property’s value if you decide to sell it.
- No Ongoing Payments: You pay for the system upfront, eliminating the need for monthly payments or lease fees.
The Outright Option allows institutions to purchase the entire solar system from Miale Solar through a one-time payment. Upon completion of payment, the system is fully owned by the customer, and Miale transfers all rights and responsibilities. This model is ideal for institutions with capital budgets that prioritize long-term cost savings, energy independence, and asset ownership.
Customers who choose the Outright Option benefit from immediate savings on electricity costs, full system ownership, and complete control over energy production and usage. There are no monthly payments or interest charges. Additionally, clients enjoy priority after-sales support and access to system performance monitoring for enhanced energy management.
The Outright Option is most popular among schools, hospitals, universities, factories, and government institutions you name it, with upfront funding available through internal budgets or donor support. It is particularly attractive to organizations looking to avoid long-term financing commitments and gain immediate full control over their clean energy investment.
Yes. While the system is owned by the customer under the Outright Option, Miale Solar offers a Service Level Agreement (SLA) as an optional add-on. This ensures regular preventive maintenance, system diagnostics, and priority support from our technical team to guarantee peak performance throughout the system’s lifespan.