What are my solar financing options?

By sunsolarus

There are three major solar financing options to consider when you are ready. First is to purchase the system which makes you eligible for the 30% tax credit and becomes an asset that you own. The next option is to lease the solar system from the installer at a flat fee per month like a “rent” for the length of the lease. The third option is to do a PPA (Power Purchase Agreement) where you are purchasing power generated by the system and your payment is based on a fixed rate/kWh agreed to with the installer. Your payments with the PPA option will fluctuate based on your consumption each month while always staying at the fixed rate/kWh.