If you can pay for the system upfront, you will be able take advantage of the 30% Federal Tax Credit. This means a $10,000 system will actually only cost you $7,000 in the end, after the $3,000 (30%) tax deduction. However, we understand that not everyone has the cash to pay for it all at once, so we offer a few other options:
Purchase with Solar Loan
With solar loans that require $0 down and payments up to 60% less than your current utility bill, everyone can go solar!
Tradition Style Loan (Personal Loan) – Typically shorter term loans (typically up to seven (7) years). Usually unsecured, which usually means high interest rates typically starting at 8%).
Solar Loan – Most offer longer term loans (typically up to 15 and 20 years). This allows you to get the loan payment to be less than your current utility payment. Because these loans generally are secured by using the system as collateral you get better rates. Some will allow you a one time modification to the loan. Meaning when you get your tax credit you can make an extra payment and they will readjust your payments for the remainder of the loan.
Solar ITC Loan – Use your Tax Credit as your down payment! Usually due within 12 months. This option gives you the lowest starting payment!
We also offer additional discounts for military and first responders (Police, Paramedic, Firefighter, Correctional Officer).