With all the options out there, financing a solar power system can feel overwhelming. Thankfully, you’ve come to the right place. We’re here to make solar financing easy while maximizing your savings. Still have questions? We’d be happy to answer them for you! Simply, fill out the form provided here or call us at 509-731-9234

Switch from your current utility to the renewable energy company at no cost to you.

  1. No cash or loan required
  2. Save money from day one with $0 out of pocket
  3. Lower electricity rate (as low as 14.9 cents per kwh)
  4. Saving 35-53% (based on current energy usage)
  5. No lien on your property
  6. $10 fee per month as a distribution charge
  7. Complete warranty for 20 years, that covers maintenance, repairs, and replacements
  8. Monitoring system
  9. Guaranteed performance
  10. Transferable owner to owner
  11. Product owned by the supplier (You will just pay for the power the product supplies)
  12. Tax credit is given to the supplier

*The only thing required to move forward is a credit score higher than 640+ and no bankruptcy within last 5 years.

In what situations do these benefits outweigh a cut in long-term savings?

  • You want a solar system, but lack in cash or do not have access to a well-structured loan; solar leasing could be the way to go.
  • You do not have a high enough income, or you are a non-profit organization, and cannot take advantage of solar tax credits and deductions.

Cons of PPA

While leasing might be ideal for some buyers, it isn’t right for everyone. As a lessee, you will have to reconcile the benefits of leasing with:

  • Contractual terms: Solar leases or PPAs typically last 20 years. On one hand, two decades is a long time. On the other hand, many utility companies already enjoy a local monopoly, which is tantamount to a lifetime “contract.”
  • No tax benefits: Owning your own solar panels usually qualifies you for various tax credits and rebates (more on those in a bit). If you lease your system, the leasing company gets to enjoy those benefits – not you.
  • Lack of ownership: Those solar panels aren’t yours, they belong to somebody else. To many homeowners, not having control over the equipment that lives on top of their homes simply isn’t appealing.

A prepaid solar lease/PPA is very similar to purchasing your solar panel system. In a pre-paid solar lease/PPA, you pay 100% up front when you sign the contract and do not have to pay anything for the duration of the agreement. Because you pre-pay, the TPO assumes no risk, and they are generally willing to make adjustments to the lease/PPA terms that are favorable to you.

The solar leasing company owns the system in a prepaid lease, but the lease amount will be similar to the purchase price of the system, including rebates, tax credits, and incentives. The leasing company is usually willing to allow you to benefit from the sale of any available Solar Renewable Energy Credits (SRECs).

Pros

  • Total price is 30-50% lower than what you would have paid if you bought the system
  • Prepaid solar leases can increase your home’s value in the event of a sale
  • Don’t have to claim tax credit, it will be deducted off the top, so your monthly payments (if financed) will be lower starting month one going solar.

Cons

  • Requires an investment in the range of $5,000 to $20,000+, depending on where you live and the size and quality of your solar system you’ve decided to set up.

  1. 30% tax credit to be claimed by the homeowner
  2. Increases resale value/ builds home equity
  3. Eventually free of an energy bill
  4. ROI 4-6 yrs.
  5. $10 fee per month as a distribution charge
  6. Complete warranty for 25 years, that covers maintenance, repairs, and replacements
  7. Monitoring system
  8. Guaranteed performance

*Price will be adjusted if additional work is required: Electrical panel upgrade, landscape, tree trimming, etc.

Buying solar panels has never been more affordable, but that doesn’t make it affordable for everyone. Consider these risk to buying your own system:

  • Time: Those positive returns on your solar investment don’t arrive overnight. For some buyers, it takes around 4.5 – 6 years. If your state doesn’t provide many incentives, or you’re unable to sell SRECs, it may take even longer.

  • Maintenance and replacement: Solar panels won’t last forever, and they could need maintenance between now and when they fail. If you own solar panels, you’ll be on the hook for all those repairs. How long will your system last? Most manufacturers offer warranties of 20 to 25 years for solar panels and 10 years for solar inverters.

 

Hero Program and Prepaid lease available as well.

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