In the early days, people thought solar was too expensive. Today, people recognize that investing in solar is a smart choice—and that’s why big financiers, banks, and other lending institutions are eager to help you finance your project. With the popularity of solar energy, we offer many choices to help you get started.
Own it with Cash
Reposition a low-yield investment or put your recent windfall into a smart, low-risk solar investment now. Follow a set payment schedule that finishes when the system is completed and own all of the financial benefits of the solar system yourself.
Own it with Financing
Traditional home equity loans or dedicated solar financing options are a great way to turn a price tag into a payment. You still own all of the financial benefits, and the savings on the solar will usually more than pay for the debt service on your loans. This one’s great for new construction too!
If you can’t utilize the tax credit, you could miss out on a big part of a solar investment. Many companies today are more than willing to use the tax credits and accelerated depreciation and let you rent the system—usually for a 20-year term. You can save money on your electric bill, and they can have a solar investment on your roof.
Power Purchase Agreement (PPA)
A PPA is similar to a lease, but instead of renting the whole system, you only pay for the kilowatt hours the system produces. This option is more common with commercial project sites.
We’d be happy to help you find the right financing choice for you!