There are many options when it comes to purchasing a solar power system at your home. Solar is a long term investment that proves to have incredible savings but it still may cost thousands of dollars to get started. There are essentially three major options when switching to solar. Below you will find a pro/con list for each of these methods and it’s important that you choose which one is right for you.
COMPARE YOUR OPTIONS
CASH OPTIONS
CASH OPTIONS
PROS
CONS
You own your solar system
Up-front costs are higher
Energy savings begins immediately
You are responsible for all maintenance and repairs
You get all of the tax credits and rebates
Long term investment
Home resale value increases
Factory warranties of 20-25 years
Free energy... eventually
FINANCING OPTIONS
YGRENE / HERO OPTIONS
PROS
CONS
Less up-front costs
Financing is rolled into your property taxes
You own the solar system
You are responsible for all maintenance and repairs
Lower energy costs from day 1
May be more restrictive protocols as to product selection and installation
Potential tax benefits and rebates
You have to transfer your payments to the new homeowner if you sell your home
LEASING OPTIONS
LEASE OPTIONS
PROS
CONS
Little to no up-front costs
You don't own the solar system
Leasing company handles maintenance costs
No tax benefits or rebates come to you
Lowe energy costs from day 1
Typically contract are 20+ years
Leasing companies not responsible for maintaining the roof the panels are on
If you have more questions about your specific project please fill out the form below and we will contact you for a FREE estimate We can’t wait to hear what you have in mind!