FINANCING

OPTIONS


FINANCING

OPTIONS


A.M. SUN SOLAR’S FINANCING SOLUTIONS

There are many ways to finance your solar energy system. Our solar consultants will
discuss your goals and work with you to find the solution that brings you the best value.

There are many ways to finance your solar energy system. Our solar consultants will discuss your goals and work with you to find the solution that brings you the best value.


If you’re reading up on financing options for solar then you’re probably thinking that a solar energy system for your home is a smart investment. You’re right, it is! Now, let’s talk about how to pay for your investment. The cost of solar energy systems can vary depending on equipment, location and a few other factors. The average solar system cost is around $15,000 to $25,000. For most people, that’s a big cost initially, but A.M. Sun Solar helps customers every day choose the most cost-effective solution with our many financing options that save them money right away.

Benefits Cash Loan PPA Pre-Paid PPA
Money out of pocket
Down payment
Tax credit (s)
Monthly payments
Monitoring
12-year workmanship
warranty
Ownership
Payment term Paid in full 8 - 30 years 20 years 20 years

Buying or Power Purchase Agreement
(PPA) For Your Solar Energy System

There are two ways to enjoy your own home solar energy system—you can either buy a system or buy the power from a system. One option is not more common than the other. However, each has its own benefits depending on your particular situation.


Paying For Your Solar System With Cash

Paying for your solar energy system with cash is the best way to get the most out of your investment. There are many advantages to purchasing your solar energy system with cash.

 

With a cash purchase, your return on investment is very high, the payback period is short, you own your equipment and the power it produces, it increases the value of your home or business and you receive a federal tax credit. If you can afford to pay for your system with cash, it is the best way to go. If you have the money and can use the Federal tax credit, we recommend a cash purchase for your solar energy system.

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Summary

  • Own your power
  • Increase your equity & property value without increasing your taxes
  • Can be depreciated for businesses
  • Costs far less than you will pay in electricity over the lifetime of the system
  • Eliminates your electric bill
  • High return on investment
  • Receive a 30% Federal tax credit. Check with your financial adviser.
  • Quick payback period

Paying For Your Solar System With a Solar Loan

Financing your solar energy system with a loan can provide you with valuable benefits. Securing a loan depends on your credit score and / or your debt to income ratio (DTI). There may still be options available even if you have a low credit score and high DTI, so let us know and we can help find an option for you.

 

Many times, you can secure a loan that is lower than your monthly utility expenses. No need for you to worry about all the options, our experts will help you choose the right loan for you. We have a variety of loans from many different sources. Click here to fill out a brief form to get started.

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Summary

  • No money out of pocket
  • Typically you’ll have instant savings – paying less than your utility bill
  • No prepayment penalty. Pay off your loan any time!
  • High rate of return once system is paid in full
  • Receive a 30% federal tax credit. Check with your financial adviser.
  • Re-amortize your loan using the Federal tax credit to further reduce your monthly payment

What is a Solar Energy PPA?

PPA stands for Power Purchase Agreement. When you choose a PPA you will be purchasing power produced by solar equipment that is owned by a third party and has been installed on your roof, or elsewhere on your property. You will still be dependent on PG&E, but you will be buying your power at a lesser rate by going solar. Since you won’t own the equipment, it will be warrantied, maintained, monitored and insured by a third party. In addition, the production of the system will be guaranteed for the term of the agreement, which is typically 20 years. This means you don’t need to worry about anything, including the ever increasing cost of electricity!

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Summary

  • $0 out of pocket expense
  • Pay less for your power
  • No longer worry about the rising cost of electricity
  • System is warrantied, maintained, monitored and insured at no expense to you

Paying For Your Solar System With a PACE Loan

PACE stands for Property Assessed Clean Energy. This means you can get a solar loan regardless of your credit score and regardless of your debt to income ratio. You’ll need equity in your home and you’ll need to be current on your property taxes, but otherwise the stipulations are fairly lenient. The beauty of this loan is when it comes time to sell your home, the solar and the loan stay with the house.

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Summary

  • $0 out of pocket expense
  • Easiest solar loan to qualify for
  • Payment becomes part of your property tax bill
  • No prepayment penalties
  • Re-amortize your loan as often as you like with as little as $2,500 each time
  • Up to 30 year terms
  • Most PACE loans are cash-flow positive
  • Receive the 30% federal tax credit and either keep it, or re-amortize your loan in order to reduce your monthly payments
  • Deduct the interest on the loan for an even greater savings

How to Purchase a Solar Energy System

Now that you know more about your options for purchasing a solar energy system, the next step is to see if your home qualifies for solar and if you can save money with solar for your home or business.

 

A.M. Sun Solar offers many financing options for those interested in going solar. Our staff of experts will take the time to understand your goals and motivation for going solar and help guide you down the right path to bring you the best value from your solar energy system.

 

When you’re ready to talk give us a call at 805-772-6786 or fill out the form, and we will call today so you can get started. No pressure or obligation; that’s not our style. Just a friendly chat and all the time you need to get all of your questions answered.

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