Solar Financing Options

Solar Financing Options

Flexible Solar Financing to Fit Your Home

Solar can be more accessible than you think, it may cost less than your current electric bill.1 Homeowners now have multiple financing options to bring clean, renewable energy to their homes with manageable monthly payments.

Choose the Right Financing Option

Complete Ownership

Ownership provides direct control and long-term savings from your solar system.

Cash Purchase

Cash Purchase

  • bullet Own your solar system outright with a one-time payment.
  • bullet Take advantage of state and local incentives immediately.
  • bullet Reduce electricity bills over time while building long-term home value.
Loan

Loan

  • bullet Finance your solar system with manageable monthly payments.
  • bullet Qualified customers may start solar with little or no upfront cost, depending on credit and chosen financing method.
  • bullet Enjoy long-term savings and potential incentives while building home value.

Qualified customers may start solar with no upfront cost, depending on credit and chosen financing method.

Third Party Ownership (TPO)

TPO allows you to access solar energy without owning the system. There are two main types:

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Lease

  • bullet Pay a fixed monthly rate for using the system.
  • bullet The system is installed, maintained, and insured by the provider.
  • bullet Flexible way to access solar energy with little or no upfront cost.
House with solar panels at dusk

Power Purchase Agreements (PPAs)

  • bullet Pay only for the electricity the solar system produces.
  • bullet The system is installed, maintained, and insured by the provider.
  • bullet A flexible way to access solar energy with little or no upfront cost.
  • bullet Rates are typically lower than utility electricity rates, depending on the agreement.

Note:

Depending on your state, one option may be available while the other may not.

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How Financing Can Work for You

Flexible financing, paired with incentives, rebates, and credits, may reduce the upfront cost of solar:

  • bullet Competitive interest rates for qualified customers, sometimes with $0 down.
  • bullet Payment plans designed to fit your monthly budget.
  • bullet Federal and local incentives may apply to help lower your initial investment.
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Roles and Obligations: Homeowners and Providers

Other Obligations

For any other obligations not mentioned here, please refer to your lease contract and Performance Guarantee**.

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Solar Provider or TPO Obligations:

  • Service all system components according to warranties.
  • Maintain insurance on the system.
  • Monitor systems via the provider’s monitoring platform.
  • Provide a Performance Guarantee for eligible systems**.
  • Comply with all terms of the lease or TPO agreement.

Homeowner Obligations:

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Important Legal Notices

* FN1 that the availability of state and local incentives depends on general availability, consumer qualification, etc.

1 Results may vary and do not represent the average customer experience. Savings depend on equipment, system size, orientation, shading, sunlight availability, utility rates, and eligibility for incentives or net-metering programs.

** Performance Guarantee terms vary by system and financing option.

For qualified customers only.