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Financing
0$ upfront costs (nothing out of pocket)
While going solar carries the reputation of having a high upfront cost, more than half of solar owners choose to finance with solar loans. And many of those solar loans come with zero down payment.
In fact, some homeowners with the means to pay cash choose to finance with a solar loan instead. That’s because a solar loan can provide immediate energy cost savings and leave more cash in your pocket.
Solar PPA
A solar Power Purchase Agreement (PPA) is a contract between a solar provider and a consumer, where the provider installs and maintains solar panels on the consumer’s property. The consumer agrees to purchase the electricity generated by the solar panels at a predetermined rate, typically lower than traditional utility rates. This allows the consumer to benefit from clean energy and immediate savings on their electricity bills without any upfront investment.
Solar Lease
A solar lease is a convenient arrangement wherein a solar provider installs and maintains solar panels on your property. Instead of buying the solar panels outright, you pay a fixed monthly fee for the use of the equipment. This enables you to enjoy the advantages of solar energy without the burden of upfront costs. With the provider handling maintenance and repairs, you can save on electricity bills while contributing to a cleaner environment.
Solar Loan
A solar loan is a financing option that allows you to purchase a solar energy system outright. You borrow money from a lender to cover the upfront costs of buying and installing the solar panels. You then repay the loan over time, typically with a fixed interest rate and monthly payments. By owning the solar system, you can take advantage of tax incentives, state incentives (depending on which state) and enjoy long-term savings on your electricity bills.
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