FINANCING
Generous government incentives reduce the cost of installing solar and energy storage systems, and a variety of payment options make these systems financially accessible.
Paying for Solar or Energy Storage
A variety of government incentive programs defray a significant piece of the cost to install a solar energy system and/or a solar energy storage system. To pay for the remainder, homeowners and commercial building owners have various options, including some that don’t require any upfront out-of-pocket expense. Typical payment methods are:
Cash
Paying cash for solar and/or solar energy storage provides a high return on investment with very low risk, which is a rare and valuable scenario as any financial expert can tell you. It also provides the greatest return on your investment.
Loan
Paying with a bank loan is a great way to go if you don’t have the cash to cover the full price tag. Some loans do not require a down payment. You own the system and benefit from 100% of the electricity savings and the Investment Tax Credit, as if you paid cash.
