Financing

The price of solar panels has decreased dramatically over the past decade, making it cheaper than ever to go solar.

Why Finance?

You can choose whether to own your solar system or lease it from a third party. Here's why ownership gets you the most bang for your buck.
  • You’re in control of the system

    This includes costs and benefits. When you lease a system from a third party, they own the system and you pay a recurring fee to use the electricity.

  • Cost Effective

    By owning your system, you get to enjoy all the savings on your electric bill that would otherwise go to the solar company.

  • Hassle free

    With a $0 down solar loan, you pay nothing upfront and make small payments over a fixed period of time.

  • Savings outweigh the loan payment

    That’s easy money saved each month. And after your last loan payment, all the savings go straight to your wallet.

Government Incentives

Another benefit of ownership is that you get to keep all the government incentives that come with solar. Some of these incentives include a 30% federal investment tax credit, state level tax credits, feed-in tariffs (FITs), and Solar Renewable Energy Credits (SRECs). SREC and FIT programs vary by state, but generally allow you to sell renewable energy credits or solar production to the utility company for a profit. If you lease your system, the solar company will be the one to benefit from these incentives.

Learn More

Loaning vs. Leasing

From taking advantage of tax incentives to selling your home, here are the important differences between loaning and leasing your solar system.
Benefit Lease loan
Increase Your Home value x
easy to sell your home x
claim federal tax credit x
no repayment penalty x
Low Minimum credit score x