Financing Options for Residential Solar

Zero money down options available for immediate savings

Financing That Adapts to Your Needs

Residential solar energy is a great way to save money on your electricity costs. Southern California homeowners have a variety of ways to pay for these renewable energy systems.

With so many residential solar financing options available, the question becomes “which is the right for me?” Even though a cash purchase is your best value and lowest cost per kilowatt-hour, SolarTech offers you a variety of solar financing options: zero-down loans, no-hassle leases, and PACE programs.

Regardless of your situation, we’ll help you achieve lower costs for energy.

Solar Energy Cash Purchase

  • Pay for the system upfront. No recurring payments.

  • Best value! Lowest price for solar energy.
  • Eligible for Solar Tax Credit.

  • Quick Return On Investment

  • Home value increases by ~ $4/watt.

Zero-Down Solar Financing

  • Zero-down financed-to-own options available.
  • Lower monthly payment. Immediate savings.
  • Eligible for Solar Tax Credit.

  • Unsecured loans, HELOC, and PACE programs.
  • Home value increases by ~ $4/watt.

Solar Energy Lease / PPA

  • Zero-Down. Immediate cash flow savings.
  • Lock-in a low rate for power for up to 20 years.
  • Option to buy the system after contract expires.
  • Save 20%-40% on your electricity costs.
  • No maintenance hassle or warranty worries.

Financing For Residential Solar Customers

Cash Purchase

Paying for your solar energy system installation up front has several advantages, including the best price per kilowatt-hour for electricity produced by your solar panels. You’ll skip the financing costs associated with a loan and you’ll be eligible to take the federal tax credit. While solar panels are warrantied for 25 years, systems can continue to generate power for 40+ years, giving you extra savings when you own the system.

PACE Programs

Several Property Assessed Clean Energy (PACE) options are available for solar panel installations in San Diego. HERO, YGRENE, and California First offer residential solar financing through your property taxes, in partnership with the city or county (available for most San Diego area residents). By adding this voluntary line item to your tax bill, you can go solar with zero-down, save on electricity, and increase the value of your home. You may also be able claim additional tax deductions (consult your tax professional).

SunPower Loan

SunPower offers very competitive residential solar financing options for projects using the best solar equipment available. With 10 or 20 year terms, homeowners can get 2.99%-4.99% financing on the industry’s most efficient panels, including SunPower’s all-in-one solar solution, the Equinox solar system.

12 Months (Same as Cash)

Green Sky financing offers an unsecured 12 month no-interest loan which is a great way to finance all or part of your solar panel installation. Some customers use this to finance the 30% tax credit portion of their installation costs.

Leasing & Power Purchase Agreements

SunPower Solar Lease

For customers looking to lower their energy costs without purchasing a solar panel system, SunPower offers a great lease that allows customers to save about 40% on their electricity while using the most efficient solar panels available. This 20-year no-hassle lease gives you worry-free power at about 16¢-18¢ per kilowatt-hour.

Power Purchase Agreement

PPAs are a straightforward option to buy power from another provider at substantially lower costs. SolarTech installs the solar energy system on your home — which is owned by the financing company — and you agree to purchase all power that the system produces (typically for a 20-year period). PPA plans are available with or without an annual escalator and can save you about 20%-40% on your electricity costs.