Solar panels installation reached costs records since it is now cheaper to acquire panels instead of continuing with an eternal electric bill that increases every year.
This means that without creating inequalities due to purely economic issues, homeowners in the United States have different options to install solar panels and get to know them all.
1. 100% financing
Install your solar panels with $0 money down. Pay it monthly according to the term that best suits you. We offer financing from 5 to 30 years, generating immediate savings between 15 and 30% per month versus the current payment of your electric bill.
If you want more information about solar financing, click here to read the article How do solar loans work?
2. Cash without interest
Pay cash and save even more money. By not paying interest, the total value is cheaper than any other financing option.
3. Cash and financing
You can finance one part of the total value of your solar system and pay an advance for the other part. You choose how much your initial payment will be and depending on this, the value of the financing will be adjusted.
This option allows you even lower monthly payments compared to others.
4. Other options
Other options include Property Assessed Clean Energy (PACE), which allows owners to finance improvements and renovations on their properties to improve energy efficiency.
There is also the Power Purchase Agreement (PPA) which is a contract used for the supply of energy through renewable sources, which means you can sign an agreement for us to install solar panels with an affordable monthly payment without having to purchase debt.
If you want to better understand whether it is convenient to buy or rent solar panels, we invite you to read this article we did to help you solve this question.