Benefits to Funding Your Solar
Solar is similar to other investments in that sometimes there’s a time for the investment to “break even” or “pay for itself.” There’s even a way to start saving money immediately and a few other ways to save as well. Just like a car or a home, the first information you need is to see what you qualify for. Don’t worry, there’s a plan for every budget.
Three ways to fund your solar include:
There are benefits to all three:
- Cash: If you want to pay the least for your energy, you’ll want to pay cash.
- Loan: If cash isn’t what you prefer, but you want the shortest term to pay your solar off, you’ll want to fund your project with a loan. This is the most popular way to pay for your solar, and the second least expensive method. You’ll pay a little more than cash, but the interest rates are low with special Green Energy Loans. The great thing is that most homeowners qualify and you don’t have to put any money down.
- Lease: The third way to go solar is with a lease. The benefits to leasing are the systems are not owned by you but they are owned by the company who finances them. You’ll pay the most for your solar this way, but it’s the easiest way to start saving money immediately!
Fun Fact: The Federal Government has extended the incentive to go solar until 2022. Its better than ever to save money going solar in Havasu, AZ. It’s even better now than when the government incentives were larger because the cost of solar has come down. People paid more when there were Renewable Energy Credits. Now is truly the golden era of solar!