Solar Financing

Solar Financing made easy. You Buy it, You Own it, No hassle

Solar Financing

Going Solar is such a great idea! It is a win-win for all involved.

  1. It will save the average homeowner tens of thousands of dollars in utility costs.
  2. It is a great investment that can increase your property value.
  3. You take a big step to do your part to help the environment
  4. And Credits and Incentives can help you pay for it……….

But which Finance option has the most benefit for the homeowner? Lease, Power Purchase Agreement or Purchase? Lets explore the options!

Lease Purchase

In the past few years third-party financing of Home and Business Solar Systems has become very popular. But as a property owner you are looking to make a decision based on benefits not popularity. In a Solar Lease you contract with a Solar Provider and pay for the solar system over a number of years, typically a number of decades.
  • Pro: You are using a renewable source of energy and helping the environment
  • Pro: Typically there is no up-front costs to the customer
  • Con: You do not own the system, the Solar Provider does.
  • Con: Since you do not own the system, you do not qualify for the federal and local credits, incentives and rebates
  • Con: Although you may save a few dollars monthly, the payment is usually not fixed, it goes up just like your utility bill
  • Con: There is no true termination date. You are just paying someone else other than your utility company
  • Con: At the end of the lease, you re-sign for another term, lose your system or buy the system.
  • Con: Studies have shown that leased home solar systems actually decrease the value of your property
  • Con: A leased system could complicate the sale of your property since the buyer has to agree to agree and qualify for the lease contract.

Power Purchase Agreement

In a Solar Power Purchase agreement a Solar Provider will build a Solar Power System on your property at no cost to you. The system is meant to offset the electricity you are currently purchasing from your utility company. The Solar Provider sells you electricity generated typically at a lower price than the utility company.
  • Pro: You are using a renewable source of energy and helping the environment
  • Pro: Typically there is no up-front costs to the customer
  • Con: You do not own the system, the Solar Provider does.
  • Con: Since you do not own the system, you do not qualify for the federal and local credits, incentives and rebates
  • Con: Although you may save a few dollars monthly, the payment is usually not fixed, it goes up just like your utility bill
  • Con: There is no true termination date. You are just paying someone else other than your utility company
  • Con: At the end of the agreement, you re-sign for another term, lose your system or buy the system.
  • Con: Studies have shown that PPA home solar systems actually decrease the value of your property
  • Con: A PPA system could complicate the sale of your property since the buyer has to agree to agree and qualify for the PPA Agreement.

Give us a call!

Let our trained team of advisors help you take the next step toward Going Green. We will analyze your bill, figure out a system that makes sense based on your annual electrical usage and see if we can get you the funds to finance your solar project. Step by step we hold your hand to make sure you get the system that will fulfill your needs, the most efficient equipment available today and the best pricing and financing so you get the maximum benefit today and tomorrow. Call us toll-free at 855-341-0777

Going Green has never been easier!

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