Financing A Solar Panel System Can Still Save You Money

Do you like to save?  Do you consider yourself the David Hasselhoff of our neighborhood pool?  Oh, wait, you meant to save money?  Yes, we all love to save money as well.  You can save a ton of money with a solar panel system.  If you have a solar panel system affixed to your home, the opportunity to lower energy bill rises to 100 percent in many cases.  However, we aren't all born or forged into the same financial situations.  Buying a solar panel system can come with a massive initial financial investment, if we don't have the cash, we can seek other methods.  One great method to get into buying solar is to seek financing.     

Consider Your Options To Go Solar

There are severy companies that offer solar financing alternatives like a $0-down solar loan.  Another option is to acquire a solar lease, or PPA, of which can help you go solar and save money on your next power bill.

Loans And Financing For Solar

A loan or financing deal is a great way to just into the solar revolution.  There are great methods of getting a reasonable price for solar and owning your system.  With several solar energy loans, you can bankroll the complete cost of your order. These loans may be secured using your home as collateral; also there are unsecured options available.  

A Few Solar Considerations 

The loan’s or financing deal's monthly payment must be lower than your monthly energy bill payment.  The difference here will add up quickly, and you can start saving money instantly. Merely by getting into solar, you can have 40 to 70 percent savings on electricity costs over the lifetime of your system.  If you don't have a system, you never save and are at the mercy of the grids electricity prices. A solar panel system loan or financing deal will mirror a typical loan scenario.  Some states will help you with government incentive programs, whereby lowering your solar panel system costs below average interest rates.  

PPAs For Solar

Power purchase agreements aka (PPAs) have the same kind of structure of renting.  It's sort of like the equipment you might be borrowing from your cable company, that company supplied wireless router gets your home onto the world-wide-web, and if something falls apart, they fix it for no cost.  That peace of mind to be evident in having solar panels might be invaluable. 

More Considerations For Solar Leasing Deals

If you decide a PPA or lease deal is the way to go,  in many cases the lender or solar company will install solar panels in exchange for a low-rate finance deal for the term of your agreement. Also, you might save 10 to 30 percent per month if you sign a PPA. The company you make a deal with for your PPA will be the one maintaining the solar panels and equipment for the duration of your agreed term of the contract. Because the TPO owns the solar panel system, so, unfortunately, you will not receive rebates, tax credits or other incentives granted by the government.

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy g uides and articles.