Get a Flat Rate of Electricity
When going solar, your financing options include:
1) Power Purchase Agreement
Power Purchase Agreement, or PPA, is a long-term agreement to buy power from a company that produces electricity. It serves as an excellent alternative to financing and owning the system. Under the terms of a PPA, the solar company:
2) Zero-Down Solar Lease
A lease is similar to the PPA. The homeowner pays little to no upfront cost and gets a fixed rate of electricity over a certain number of years. Similar to the PPA, homeowners do not have to worry about monitoring or maintaining the system.It is essentially taking out a loan. Some banks and companies offer to spread the cost of the panels over 15+ years, and the monthly bill will be less than what you pay your utility company.Read More Here
Does a solar system make financial sense for me?
Overall, solar is a smart financial investment. You will save substantial amounts of money on electrical costs for years to come and in turn, increase the value of your home. Our customers who purchase their system typically see a strong Return on Investment (ROI) and expect to recoup their solar system investment within 5-10 years. Depending on the rebates and incentives offered in your area, you may be able to pay back your system even sooner. With an industry standard of companies offering multiple choices on financing options you can pick and choose which one is best for you. With a zero-down solar lease, solar financing, and Power Purchase Agreement (PPA), you can finance your system with zero upfront investment, meaning you can start saving right away. Homeowners can try this link to get a quick, high-level estimate to purchase or finance a solar system.
Will the government really give rebates and tax incentives for going solar?
Yes, the incentives and rebates are both real and substantial. Both state and federal governments offer tremendous financial incentives for businesses to choose solar. A combination of incentives and tax credits can cover 50% or more of the total cost! The most important thing to keep in mind about these governmental programs is this - they won't last forever. Now is the time to take advantage of the federal and state mandate to switch to renewable sources of energy! Once the adoption rate reaches its maximum level, the incentives will disappear.Back to the top
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Solar Guide works with the CSI-Solar Program which is funded by California investor-owned utility customers and is administered by regional Program Administrators under the California Public Utilities Commission. © 2012 Pacific Gas and Electric Company, San Diego Gas & Electric, Southern California Edison and Southern California Gas Company. Copyright and trademarks belong to their respective owners. All rights reserved.Find us listed here