About Solar Financing Options

Solar power is cheaper today than it used to be, but it's still a significant entry-level price for the average homeowner.

Many solar finance companies offer loans and leases so that homeowners can easily switch to solar power and start saving on their electricity bills. To find the right financial company for your solar installation, you must first find the right solar installer. To get more details about solar financing for contractors, you may browse this site.

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Here are three basic options for financing solar panels when you don't have the money for an upfront purchase: a solar loan, a solar lease, or a solar purchase agreement (PPA).

A solar loan works like any other personal home improvement loan you take out a loan from the lender to purchase the system and make monthly loan payments to repay the loan.

With solar and PPA rentals, you don't have to pay any upfront fees. Instead, your rooftop system is owned by a solar developer, and you send them a monthly payment for using the energy generated by the solar panels. Monthly payments are usually lower than your non-diesel electricity bill.

Many solar installers work directly with solar finance companies, so they can help you connect with the loan, leasing, and PPA providers.

Once you find the right financing option for you, you can power your home with renewable energy while seeing energy savings on your electric bill!