Even without rebates from your utility company, the cost of solar has plummeted, making it cheaper and more accessible than ever. That said, it is still a large investment in your home, and there are many financing options available to you.
- Cash – paying in cash is the most economical way of purchasing solar. With cash, you avoid interest and application fees.
- Mortgage financing options – these options offer lower interest rates, and best of all, interest payments can be deducted from your federal taxes.
- Conventional bank loans – offered by banks as well as local credit unions, these loan terms range from90 days to 20 years. Interest rates vary between 2.99% – 9.99%.
- Power Purchase Agreement (PPA) – this is an increasingly popular option for financing your solar system. It essentially is a financial agreement where the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost.
Whatever option you’re considering, Aztec can walk you through the process and make it as smooth as possible. And in the end, your investment in solar energy will save you money on a monthly basis.
Call us today to get started: (916) 853-2700.