Solar Panel Financing Options
You’ve Decided To Go Solar; The Next Step Is How To Pay For It. We Can Help!
Should You Pay CAsh, Finance, LEase or PPA?
The immediate and long-term financial benefits of buying a solar energy system make them quite attractive, but a solar photovoltaic (PV) system can be a sizeable upfront investment. Even if you decide not to purchase your solar PV system in cash, solar financing options through the HERO Program, or other lending programs, provides you the benefits of owning solar without the upfront expense.
Solar Loans vs. Solar Leases
Don’t fall into the lease trap which will leave you with a huge balloon payment at the end. We have several finance options for which you can qualify. Not only will you be producing clean energy and lowering your cost of living, but you will also be able to take advantage of the Federal Solar Investment Tax Credit, and some counties offer rebates and more tax credits. This investment will add value to your home as well as reduce or eliminate your electric bill.
You probably purchased your home because renting was lining the pockets of your landlord. Well, if you sign a solar lease or PPA, you are “renting” the solar panel system from the solar company that owns it. If you install solar panels with a solar loan, you are the system owner who can take all of the benefits of owning solar.
Solar Financing Options
Solar Loans
No Money Out Of Pocket
Financing
- Federal Tax Credits.
- State and Local Incentives.
- Increase Value of your home – $20 to $1 Ratio.
- Eligible Solar Pro’s “GO GREEN” Rebate Program.
- Payments may decrease.
- No Pre-Payment penalties.
- Tax Deductible Interest.
- Now you own your own power.
- Once Approved – You own your solar system.
- No more electric bills – in most cases.
- Become Energy Independent.
Solar Cash Purchase
Maximize Your Solar Savings
Pay Cash
- Purchasing your panels with cash up-front allows homeowners to maximize their savings over the lifetime of a set of solar panels.
- Take full advantage of federal and state tax credits and rebates.
- A cash purchase is a true price lock-in for power in the future.
- Your home value immediately increases by the value of your panels.
- Below is an example of what some of our customers are experiencing when purchasing their residential systems from Solar Pro’s via “Cash.”
- Example cash purchase – Solar system size 4.750 K
- $14,250 – Cash Price
- $ 4,275 – Federal tax Credit
- $9,975 – Actual cost after Federal tax Credit
- $40,320 – Added equity value to home
- *This system will cover a $168/Month electric bill.
Find out which solar financing option is best for you
We Only Use The Best Solar Equipment
Have Questions?
Call us at (951) 244-7767 or send us a quick message below so we can reach out to you.