Financing Options

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Purchase | Loan | Lease | PACE


Renting:  Personal Lease Financing

Buyout:  Fair Market Value (FMV) Buyout is required at the end of the term.  Can be 20% or more

Transfer:  New Owner credit checks.  Lease holder determines their best financial position

Savings:  The finance company gets all available financial incentives with many of them upfront

Ownership:  Property Tax Loan

Buyout:  At the end of your loan term there are no further payments or costs

Transfer:  Property taxes transfer to the new owner per local existing tax laws

Savings:  You receive available financial incentives

Maximizing the financial benefits for homeowners, simplifying the application process, and ensuring performance guarantees.

Whether you make your home improvements with up-front cash purchase, property tax loan, or a personal lease; you will likely save money on your utility bill. However, the financial benefits of owning your system – either through property tax loan or a cash purchase – highlight the clear advantages of ownership.   Property tax loans combine the benefits of  – no down payment, energy cost savings, hassle-free maintenance and performance guarantees – with the financial upside from solar ownership.

The federal government currently provides a solar panel tax credit equal to 30% of the system cost for homeowners who buy and own their solar panel system. On an average $30,000 solar electric panel system, the government offers a $9,000 tax credit which can be carried forward if you do not use it all in the first year.  These tax incentives belong to the homeowners who purchase their system, but in a lease, third-party finance companies are the direct beneficiaries of the credits because they are the ultimate owners of the systems.

General information purposes only:  Consult a tax professional regarding your specific circumstances

Property Tax Loan vs Personal Lease Financing

PropertyTax LoanPersonalLease
$0 Down OptionYESYES
Savings From Day 1YESYES
Simple Application ProcessYESYES
System Performance GuaranteeYESYES
System WarrantyYESYES
Real-Time Performance MonitorYESYES
No Annual Inflation Escalators YES ?
Home Value Appreciation YES ?
No Prepayment FeesYES No
Receive Federal / State Tax Credits YES No
Tax Incentive Form Preparation YES No
Build Equity in Your System YES No
Maximize Financial Benefits YES No

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