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  • Writer's pictureRon Magby

Understanding your Solar financing options

Updated: Dec 21, 2023

Financing solar panels can sometimes be confusing and with so many ways understanding what is right for you is extremely important.


There are different financing options for solar panels, including cash purchases, solar loans, solar leases, and power purchase agreements (PPAs). Each of these options have pro’s and con’s.


A cash purchase is the most straightforward way to finance solar panels, but it can be costly upfront. However, it offers the greatest long-term savings as it avoids paying interest on a loan or lease.


Solar loans are another option, designed specifically for solar panel installation and with lower interest rates than traditional home improvement loans.

Solar leases offer a more affordable upfront cost, with fixed monthly payments for the use of panels over a specified period of time.


PPAs provide a fixed rate for the electricity generated by the panels over a set time, with the solar company owning and maintaining the panels.

It's essential to research and understand the financing options available and their long-term financial implications.


Solar energy is a way to power your home or business, and with the right financing you can start benefiting much faster!


Considering solar?

Be sure to Contact us for more information on the financing options available to you!

Picking the right financing option that work best for your financial situation and energy needs will allow you to start enjoying the benefits of solar energy today!


Solar financing

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