Residential Solar Financing Options
Term Loans
The Evolution of Financing Options has allowed homeowners the ability to add solar with no money down and no money out of pocket. If structured correctly it can even produce short term profit. You get a 30% tax credit that you can apply back against the loan to either shorten the loan term or reamitorize loan for lower payment. A third option is to keep the tax credit. Which option will work best for you... Ask your solar advisor
Pace Program
Property Accessed Clean Energy or PACE allows homeowners to purchase solar without having any impact on their personal credit. Term lengths allows property owners affordable monthly payments that are less than they would pay the power company. Instant positive cash flow and impressive long term saving. Perfect fit for low income owners who are unable to add debt to their credit line.
Solar PPA
Power Purchase Agreements or PPA allows you to incorporate solar power threw a leasing agreement directly with the solar comapany providing system. We rarely recommend this option for homeowners because you surrender your right to the tax credit. Your monthly payment will also increase over time, but is less than the power company increases. Only advisable for homeowners who can't benefit from tax credit.
EMERALD SUN ADVANTAGE
