Financing your solar panel system
How you pay for your solar PV system impacts the returns on your investment. We help you decide which financing option is best for you.
Over the past years, the price of a solar system has dropped significantly. In addition, Federal and State incentives participate in making solar more affordable. For most homes, a solar electric system will cost between $10,000 and $15,000 (after incentives)—half of its cost a few years ago.
Still, even at half the price, a solar system can represent a significant upfront investment.
Many people don’t want to or can’t purchase a solar system outright, so it’s important to understand all of the available financing options. Rather than buying a solar photovoltaic (PV) system, you may be able to finance it with a solar loan or a solar lease / Power Purchase Agreement (PPA) without any money out of pocket and still make big savings on your electricity bills.
In order to help you figure out your financing options, we’ve gathered major information in a white paper (free download).
White paper overview:
- Cash purchase
- Solar loans
- Secured vs unsecured loans
- Organizations offering solar loans
- Leases and Power Purchase Agreements