Finding finance for installing Solar Panels in your home
Two options left for installing solar panels at home:
Either buying a solar PPA/ Prepaid Solar Lease
Buying solar panels outright
Returns, maintenance, financial perks, credit scores make the difference. When looking out for finance to install solar panels these things are concerned.
“What do I get for Prepaid Solar Lease (PPA)?”
Well, say I’m a home owner and this option would be the last resort. Firstly, I’m not going to pay more than $3,000. Next comes the lease period stretching up to 20 years.
Perks of PPA
- I could track how it performs using free apps offered by the company. I’ll be offered both mobile and online apps.
- Not going to take charge of maintaining solar PV system. Also, if it’s going to be a temporary one, PPA is the best option that saves chunks of money paid outright.
- Company takes care of repairs. All I do is use the renewable form of fossil fuel.
- Tax credits come in here fairly, but not as of “buying solar PV system through finance”.
Why must get thoughtful on Solar panels?
Answer is installation. Better than pollution, I would say. However it’s a onetime cost. Evaluating the cost of electricity bills that crosses $180 per month, it’s fair enough a deal.
Saving money on energy!
“Still I could think about purchasing Solar PV system outright. If I’m going to sell my renovated house, its value goes up”.
COMMON FACT: Either PPA or purchasing it with Solar Panel Finance, minimum credit score expected is 700.
“Why do I buy it with a Solar Loan/cash/finance?”
Yes, provided with Solar PV loan, I’m going to buy it at a bigger tag that goes from $15,000 to $30,000.However, I’m not going to spend on maintenance. Solar panels are guarded with higher durability that needs lesser or moderate maintenance.
Perks of buying it outright
- I’m going to be offered free electricity for the next 25 to 40 years. It’s not just ‘I, me, myself’ de facto, but my family is going to reap the fruits of it.
- Did I ever mention rebates, incentives and tax benefits? A commoner I’m, I bring down my bills on federal and state taxes.
- As a part of fair ending, I’d claim tax credits. This happens, when I file for the next cycle of tax returns.
Also, it should be noted that purchasing Prepaid solar panels/PPA is similar to hot cash deal.
I’d be thinking about finding finance to buy solar PV. However, I would be able to make money selling SRE (Solar Renewable Energy).
RRReturns…!
Pictures courtesy: WWW
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Finding finance for installing Solar Panels in your home
Two options left for installing solar panels at home: Either buying a solar PPA/ Prepaid Solar Lease Buying solar panels outright Returns, maintenance, financial perks, credit scores make the difference. When looking out for finance to install sol