Solar panel financing options
Financing Solar – A2Z Energy Assists, Educates, and Knows the Options
Although solar energy is a green technology with many environmental benefits, we understand that this decision must make financial sense to you. That’s why we take the time to know the best manufacturers of the highest quality components at the best possible prices.
Own Your Own System
There are options with as little as $0 down and under a $100 a month. Be sure to ask about the PACE program and upgrade without a credit check.
Be sure to ask about the PACE program and upgrade without a credit check.
The homeowner loans money from certain municipalities (city, town, county or state) and pays back through higher property taxes over 5 to 25 years.
With both solar leasing and PPAs (power purchase agreements), the solar provider pays for, and is the rightful owner of the solar system. They will take care of the system installation, and they are responsible for maintenance, monitoring and repairs. In return, they receive the financial incentives (including the federal 30% tax credit).
You can lease (or sign a PPA) for little or no money down. With a solar lease, you simply pay the solar provider a pre-determined monthly amount; regardless of how much electricity the solar panels produce.
The leasing fee is typically significantly lower than the price of electricity from your utility company.
lease or power purchase agreement
What is the difference between solar leases and power purchase agreements?
A power purchase agreement is very similar to a solar lease, however, there is one key difference: You pay a pre-determined monthly amount for every kWh the solar system produce (as opposed to paying a monthly fee regardless of power production.)