Available Financial Options to Consider...
Cash
Take your Green and GO Green! Upfront costs are calculated after local rebates have been deducted from installed system cost. Generate energy with no monthly payment.
Home Equity Lines of Credit
Ideal for a family with equity in their home, or existing home equity line of credit, or ability to open a new line. In most cases, your monthly utility savings can offset your payment and there are tax benefits paid year one. Interest is tax deductible.
Same-As-Cash Loan
Ideal for a family looking for a bridge until they receive their tax incentive dollars from federal/state governments. The balance is then rolled over at the end of year to a Home Equity line of credit. No interest or payments for the first year.
Power Purchase Agreement (PPA):
Solar power purchase agreements are generally between independent power providers and commercial or governmental entities. Cash-strapped organizations like schools and local governments can often make the switch to solar energy under these agreements. Both the provider and the customer benefit from the use of predictable, clean renewable solar power under a PPA. The United States government has encouraged PPAs with tax credits and other incentives. IPPs can obtain credits and even low-cost financing for the systems under provisions passed this year as part of the stimulus package, the American Recovery and Reinvestment Act of 2009.
Other options available:
- Secured & Unsecured Loans
- Federal & State Loan Programs
- Local Government Loans
- Utility Loans
Download Solar Financing Guide