• Home
  • About Us
  • Solar Power
    • Federal and State Incentives
    • Solar Renewable Energy Credit
    • Photovoltaic Module - FAQs
    • Solar Panels Videos
  • Solar Water Heater
    • Federal and State Incentives
    • Solar Thermal Water Heater - FAQs
    • Hybrid Electric Heat Pump Water Heater
    • Solar Water Heater Video
  • Geothermal
    • Federal and State Incentives
    • Geothermal Heat Pumps - FAQs
    • Ground Source Heat Pumps Videos
  • Energy Audit
    • Federal and State Incentives
    • Energy Efficient Home
    • Insulation and Air Sealing
    • Spray Foam
  • Contact Us
    • Referral Program
  • Blog
Smith Sustainable Design

Paying for Solar Installation

2/25/2013

0 Comments

 
Picture

There’s no question that solar installation is a major investment for your home or commercial facility. The price tag for installation is costly, leading you to believe it isn’t affordable. If you are interested in installing solar panels for the benefits and energy savings they provide, don’t let the upfront installation costs stand in your way. There are financing options available which allow you to reduce the upfront costs of solar installation, such as solar leases and power purchase agreements (PPA).

Solar leases for your solar installation

Solar leases eliminate the high installation costs for your solar panels and other equipment. Instead, you’ll pay a fixed amount each month to cover the solar installation and use the energy produced. Your panels will be owned by the lease provider, and they will maintain them as well. Solar leases provide a way for you to lock in low rates for electric solar power for years, a benefit you won’t receive from your current electric utility provider.

Power purchase agreements for your solar installation

A power purchase agreement (PPA) allows you to pay only for the electricity generated and used. Your PPA provider owns the solar panels and other equipment, and will cover the solar installation for your home or business. They’ll maintain the equipment for a specified length of time, so you won’t have to worry about maintenance or repairs. You pay no installation costs, just a fixed rate for the electricity produced.

The right option for your solar installation

When considering solar leases or a PPA for your solar installation, which programs available to you are determined by your location. Each offer similar benefits which can make solar power affordable for your home or business use.

Benefits of financing your solar installation

When you choose a solar lease of PPA in lieu of paying for your solar installation upfront, there are additional benefits you’ll receive besides saving money in the beginning. With these financing options, a third party owns and maintains your equipment, which can save you thousands over the lifetime of your system. Depending on where you live, permits and inspection fees increase the price of installation, which is avoided with these solar installation financing options.

If you’d like to learn more about how you can take advantage of solar power for your home or business with no upfront costs, contact Smith Sustainable Design. We’ll assist you with financing options which can make solar installation fit your budget.

0 Comments



Leave a Reply.

    Archives

    February 2015
    January 2015
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013

    Categories

    All
    Electric Solar Energy
    Energy Monitoring
    Geothermal Heating And Cooling Systems
    Geothermal Heating Systems
    Geothermal Heat Pump
    Ground Source Heat Pump
    Hybrid Hot Water Heater
    Photovoltaic Solar Panels
    Solar Heat Systems
    Solar Hot Water Systems
    Solar Leasing
    Solar Panels
    Solar Power Systems
    Solar Thermal
    Solar Thermal Water Heaters

    RSS Feed

Copyright © 2023  •  Smith Sustainable Design. •  All rights reserved
Home Improvement Contractor Registration No. PA078100 and NJ13VH06277800
Master HVACR Contractor License No. 19HC00298700

Follow Us!

Home  -  About Us  -  Solar Power  -  Solar Water Heater  -  Geothermal Heating and Cooling  -  Energy Audit  -  Contact Us  -  Blog -  Site Map