Solar has never been more affordable than it is today
The Federal government is offering a 30% income tax credit through 2016, and in many areas, state, local, and utility incentives are also available.
Available Financing Options to Consider
Take your Green and GO Green! Purchase and own your system with available cash. This form of ownership typically has the strongest positive cash flow over the long term. The net out of pocket costs are a fraction of the installed price because available incentives significantly reduce the total cost of ownership.
Our contractors have the ability to offer you a 12 month same-as-cash option that will bridge the time needed to receive incentive payments and tax credits. This option is often combined with a home equity line of credit (HELOC) where the interest can be tax deductible.
Prefer low monthly payments? Then a solar lease could be an ideal financing option. A third party financing company owns the solar system and takes advantage of all incentives and tax benefits while you receive a lower, and more predictable, rate for electrical power over a long period of time. Low monthly payments allow you to conserve cash by paying for your solar system over 5, 10 or more years. And best of all, once your lease is paid, you enjoy free solar electricity for the remaining life of your solar system.
Power Purchase Agreement (PPA):
Solar power purchase agreements are generally made between a third-party financing organization and a homeowner. The third party owns the solar system and takes advantage of all incentives and tax benefits while the solar system host receives a lower, and more predictable, rate for electrical power over a long period of time. IPPs can obtain credits and even low-cost financing for the systems under provisions passed as part of the stimulus package, the American Recovery and Reinvestment Act of 2009.
Other options available:
- Secured & Unsecured Loans
- Federal & State Loan or Grant Programs
- Local Government Loans or Grant Programs
- Utility Loans and Incentive Programs