RESIDENTIAL / Solar is Affordable

Solar Is Affordable For Your Home

Solar has never been more affordable than it is today

When you go green, you may benefit from federal and state tax incentives that effectively reduce the cost of your installation. And once your new solar system is in place, you'll continue to see savings in your monthly utility bills.
  • The federal government is offering 30% tax credits
  • Your state may offer additional incentives and subsidies
  • Contact your utility and energy service providers to learn about their incentives
Financing Your System is Easy

Cash
Use your green to go green! Up-front costs are calculated after local rebates have been deducted from the cost to install the system, meaning less out-of-pocket expense to you. Then, each month, find more green in your wallet as your new system generates energy with no monthly payment.

Home Equity Lines of Credit
Ideal for families with equity in their home, or for families with an existing home equity line of credit or the ability to open a new line. In most cases, your monthly utility savings can offset your payment, and you'll receive tax benefits the year you install your system. Plus interest is tax deductible.

Same-As-Cash Loan
This option is deal for a family looking for a bridge until they receive their tax incentive dollars from federal/state governments. The balance is then rolled over at the end of year to a home equity line of credit, with no interest or payments for the first year.

Power Purchase Agreement (PPA):
Solar power purchase agreements (PPA) are generally between independent power providers and commercial or governmental entities. Cash-strapped organizations like schools and local governments can often make the switch to solar energy under these agreements. Both the provider and the customer benefit from the use of predictable, clean renewable solar power under a PPA. The United States government has encouraged PPAs with tax credits and other incentives. IPPs can obtain credits and even low-cost financing for the systems under provisions passed as part of the stimulus package, the American Recovery and Reinvestment Act of 2009.

Other options include:
  • Secured and unsecured loans
  • Federal and state loan programs
  • Local government loans
  • Utility loans


President Barack Obama and Solar Energy

President Barack Obama's 2010 State of The Union Address regarding solar energy.
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Solar Electric and Hot Water Financning Guide

Financing Solar Energy
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