Get Easy Financing For Your Solar Project
At Solar Army, we understand that transitioning to solar energy is a significant investment. That’s why we offer flexible and convenient financing options to make it easier for you to harness the sun’s power and save on your energy bills.
Solar Financing Solutions
01. Solar Loan Programs
We partner with reputable financial institutions to provide competitive solar loan programs. With a solar loan, you can spread out the cost of your solar panel system over time, making it more affordable and manageable. Enjoy the benefits of solar energy while paying off your loan through fixed monthly payments.
02. Solar Lease and Power Purchase Agreements (PPA)
If you prefer a hassle-free approach to solar energy, our solar lease and PPA options might be the right fit for you. With a solar lease, you pay a fixed monthly amount to lease the solar panels and enjoy the energy savings they generate. With a PPA, we install solar panels on your property, and you pay for the energy they produce at a predetermined rate.
03. Government Incentives and Tax Credits
Going solar not only helps you save on your energy bills but also makes you eligible for government incentives and tax credits. Our financing experts can guide you through the available programs, such as federal tax credits, state rebates, and renewable energy incentives, maximizing your savings and return on investment.
04. Customized Financing Solutions
We understand that every homeowner’s financial situation is unique. That’s why we offer customized financing solutions tailored to your specific needs and goals. Our financing specialists will work closely with you to evaluate your options, determine the best financing plan for you, and ensure that it aligns with your budget and long-term financial objectives.
Frequently Asked Questions
Solar financing refers to the various options available for homeowners to fund the installation of a solar panel system. It includes loans, leases, power purchase agreements (PPAs), and other financial arrangements that make solar energy affordable and accessible.
Solar financing allows homeowners to install a solar panel system with little to no upfront cost. With financing options like solar loans, leases, or PPAs, homeowners can pay for the system over time through fixed monthly payments or by purchasing the energy created by the panels at a predetermined rate.
Solar financing offers several benefits, including:
Affordability:
Financing options enable installing solar panels without a large upfront investment, making solar energy accessible to a wider range of homeowners.
Savings
By generating your own clean energy, you can significantly lower your monthly electricity bills and earn credits for excess energy production.
Increased Property Value: Solar panel installations have been shown to enhance the value of residential properties, providing a return on investment.
Environmental Impact: Choosing solar energy helps reduce reliance on fossil fuels and lowers carbon emissions, contributing to a cleaner and more sustainable future.
Standard financing options include
Solar Loans
Homeowners can secure a loan to cover the price of solar panel installation and pay it back over a specified period, typically with fixed monthly payments.
Solar Leases
With a solar lease, homeowners pay a fixed monthly amount to lease the solar panels and enjoy the energy savings they generate.
Power Purchase Agreements (PPAs): In a PPA, a solar energy provider installs and maintains the solar panels on your property, and you buy the electricity produced at a predetermined rate.
The best financing option depends on your financial situation, goals, and preferences. It’s recommended to consult with solar financing experts who can assess your needs and provide customized recommendations. They can assist you in assessing the advantages and disadvantages of each option, enabling you to go for the one that fits your budget and long-term goals.
Yes, there are various incentives and tax benefits available for solar financing. These may include federal investment tax credits (ITC), state and local incentives, rebates, grants, and other financial incentives. But, again, consulting with a solar financing expert or tax professional can help you navigate and maximize these benefits.
The credit score requirements can vary depending on the financing option and the lender. Some financing programs may have minimum credit score criteria, while others may be more flexible. Despite having less-than-perfect credit scores, there are still viable financing options available to support your solar project.