Guide to Solar Financing Options for Homeowners

While the cost of home solar systems has decreased over the years, the total installation costs can still be prohibitive for many homeowners. Luckily, there are several solar financing options that make it easier to power your home using clean, renewable energy from the sun. Our team explains some of the most common solar financing options, and is standing by to answer any questions you may have. As you read below it is important to know that all these options are available at no upfront cost to customers with strong credit. 

Solar Loans

There are many different types of solar loans available, and if you have good credit, your options will be more plentiful. Certified solar installers offer loans to homeowners who are ready to have a home solar system, usually through a third party, similar to applying for a line of credit. When you apply for and receive a solar loan, you can claim the federal solar tax credit (that has just been increased to 30%), which makes this option very appealing to many homeowners. 

Solar Leases

Solar leases work similarly to car leases – you lease your home solar system from a solar provider and you make payments on your system for as long as you’re using it. At Green House Solar we are proud to lease the highest quality solar panels available on the market, and we’ve made home solar systems an affordable option for hundreds of families and businesses in New Jersey. 

Solar Power Purchase Agreements (PPAs)

A Power Purchase Agreement (PPA) is a legal agreement you make with a certified solar supplier, and just as the name implies, you pay for the power. A solar installer pays for the cost of installing your home solar system, as well as any other associated costs, then they sell the energy back to you at a fixed rate. Homeowners can enjoy lower monthly energy costs without having to dig into their pockets to pay for the installation upfront. 

Third-party Solar Panel Ownership

Third-party ownership of a home solar system allows you as a homeowner to circumvent the upfront installation costs. Instead, you’ll make monthly payments to the third-party, similar to making a car payment or a mortgage payment, and the third party will be held responsible for costs associated with repairs and maintenance. 

For more information about which solar financing option is best for you, please contact our team at Green House Solar today. 

Learn more about residential solar panel installation by visiting our website at: http://greenhouse.solar/

Can you run your home completely off of solar panels_

As a homeowner you’re surely looking for ways to upgrade your home, as well as lower your costs. Perhaps you’ve thought about installing a home solar system, but you still have questions, including: can I run my home completely off of the energy generated by solar panels?

This is a common question, and as solar panel technology has advanced over the years, we’re here to answer some frequently asked questions about home solar systems. 

How many solar panels are needed to power my home?

It’s important to keep in mind there is no one-size-fits-all answer when it comes to solar panels. The size of your home solar system will depend on several factors, including the climate you live in, how much direct sun your roof receives, and how much energy your household consumes on a daily and monthly basis.

Many people aren’t aware of how much energy they consume, but at Green House Solar, we’re happy to help you figure it out by using your monthly energy bill. We can then compare your energy usage against our market-leading solar panels to determine which ones – and how many of them – are needed to power your home. 

How much will it cost to install solar panels in my home?

Again, there’s no one-size-fits-all answer regarding cost, however with the incredible advancements in technology, we can now do a lot of the work online, and can get a good estimate with just a physical address.  With the 26% Federal Tax Credit still in effect until the end of 2022, and no money down financing options available, solar and energy storage solutions are a great option for many homeowners.  

After the initial installation is complete and your system is up and running, you will see the savings on your monthly energy bills right away – you can save you money while going green and becoming more energy independent. If you’re interested in solar panels, but don’t know how you’ll pay for it, our team will be happy to discuss your financing options and find a solution that works for you. 

For more information about home solar systems, or if you have any questions about solar panel savings, please contact our team at Green House Solar. We’ve helped hundreds of homeowners select the most cost-effective solar panels for their homes, and we look forward to helping you do the same! 

Visit our website to learn more at: http://greenhouse.solar/