The best way to finance your solar array depends on your income taxes, credit score, location, and how long you’ll value the system. Speak to an expert for valuable and credible advice about how to finance solar panels. There are pros and cons to every option, and each will have a different implication for how much solar panels will save you and how long it will take for solar panels to pay for themselves.
The Power Purchase Agreement (PPA) provides you immediate savings. With a Power Purchase Agreement, you buy electricity at a better rate than you do now, straight from your own roof. The Power Purchase agreement is popular with customers who want savings right now and don’t want to take out a loan.
The Solar Lease provides fixed monthly payments for the benefits of Solar Power, without requiring a loan. The Solar Lease pricing is about the same as the Power Purchase Agreement – but is averaged out over the year to give you a consistent bill. Our customers that enjoy this plan value consistency, or sometimes live on a fixed income.
The Solar Loan provides a “best of both worlds” between the Lease and Cash Purchase. The loan product keeps the tax credit for going solar in your pocket, where it belongs. Our customers that choose the Solar Loan value both long-term and immediate savings. Savings not guaranteed. Savings are based off system size and usage.