Buying and Financing Solar
Your Sungevity Solar Consultant will explain all of the financing options for home solar panels that we offer in your area and the benefits of a purchase, a solar loan, or a PPA lease.
Cash Purchase
Pay for solar system in full or through a personal or home equity line of credit.
Finance Solar
Solar loans allow homeowners to own the solar system, and pay for it over time.
Lease Solar
A Solar lease provider owns, installs, and maintains the solar system for you.
Solar PPA
A Solar Power Purchase Agreement is a contract to buy solar power on a set rate.
Solar Financing Options
Purchasing a solar system ranges widely in cost, depending on the size of each home. A small home can be in the $10k-$15k neighborhood, while expensive homes with pools and add-ons can reach over $45k. We offer a number of solar panel financing options, and we work to make monthly payments for solar affordable to each family.
Explore A Cash Purchase
Purchasing a solar power system is a cost-effective and rewarding option, whether you have the ability to pay in full upfront or through a personal or home equity line of credit.
Benefits of a buying solar panels include:
No monthly solar
payments.
Generous federal and state tax
incentives (if eligible -- be sure to consult with a tax advisor ahead of time.)
Hassle-free payment process --
you can even pay by credit card and earn points if your credit card has a rewards program.
24/7 monitoring and 20-year
system warranty.
With a cash purchase, you make all payments up front. We provide a complete twenty-year parts and labor warranty so you can feel secure in your investment. Most homeowners the system pays for itself within five to ten years, so there’s no reason to wait!
Finance With A Solar Loan
Solar loans allow homeowners to own the solar system, and pay for it over time. Our solar consultants will find the right lender and get you a competitive rate through our extensive network of solar financing partners.
Benefits of a solar loan include:
Affordable monthly payments
.
You can take advantage of all
federal and state tax incentives you’re eligible for (again, be sure to consult with a tax advisor ahead
of time).
Depending on your loan terms and
energy usage, your loan payment plus remaining electric bill should be less than your previous electric
bill.
24/7 monitoring and 20-year
system warranty.
Solar Lease for Little or No Money Down
Many homeowners prefer to lease the solar equipment. It’s fundamentally the same concept -- the panels generate clean, renewable electricity for your home and you save a ton of money on your monthly bill. The only difference is you simply lease the panels instead of buy them. Sungevity will connect you with a lease provider who owns, installs, and maintains the system for you.
Benefits of leasing include:
Minimal upfront cost -- in some
cases, nothing at all -- and an affordable monthly amount to the lease provider.
Custom home solar design so the
total of your lease payment plus remaining power bill is less in total than your previous electric
bill.
System performance is guaranteed
for 20 years (and if your system produces less than we estimate, we’ll pay the difference).
There’s no need to feel tied
down, either. If you sell your home, Sungevity will help transfer the lease to the new
homeowner.
Solar Power Purchase Agreement (PPA): Pay As You Go
A solar Power Purchase Agreement (PPA) is a contract to buy solar power based on a set rate for the electricity the solar system produces. With a Power Purchase Agreement, a Sungevity finance partner owns, installs, and maintains the solar system on your roof -- just like a solar lease. Unlike a lease, you pay for the solar power you produce rather than the panels themselves.
The benefits of a solar PPA include:
You pay for the electricity you
produce at a set rate.
You can protect yourself from the
volatility of future utility rate changes.
We handle all of the tax rebates
for you and pass the savings to you by baking it into your rate.
If you sell your home, Sungevity
will help transfer the PPA to the new homeowner.
