Incentives and Financing
Solar Energy Incentives
These financial incentives, designed to encourage the adoption of solar power,
can dramatically reduce the initial costs of solar panel installation and increase the overall return on investment.
In this section, we've highlighted the different types of solar incentives and rebates available to help you maximize your savings and make solar energy more affordable.
What is Net Metering?
Solar Financing Options
These financial incentives, designed to encourage the adoption of solar power,
can dramatically reduce the initial costs of solar panel installation and increase the overall return on investment.
In this section, we've highlighted the different types of solar incentives and rebates available to help you maximize your savings and make solar energy more affordable.
Paying with cash upfront is the best way to maximize your solar savings.
Cash Purchase makes sense if:
-
You have the funds to pay for your system with cash upfront.
-
You want to maximize the financial benefits
-
Cash purchases net the highest Return on Investment (ROI)
-
-
You want to take advantage of the federal and local incentives and rebates.
-
You want to own your system outright.
-
Loans are a good option if you cannot afford the upfront payment, because you can go solar with no down payment!
A solar loan makes sense if:
-
You do not have enough funds to pay for system with cash upfront.
-
You still want to maximize your savings as much as possible.
-
You want to utilize the federal and local incentives and rebates.
-
You want to own your system outright.
-
Solar leases and Power Purchase Agreements (PPAs) work similarly; both a type of third-party ownership. A company installs your solar system, then sells you the electricity produced at a predetermined rate.
A solar lease/PPA makes sense if:
-
You are not looking for the highest ROI from your solar system.
-
You are not eligible for the ITC or other incentives/rebates.
-
Not concerned with owning your system outright at end of lease/PPA.
-