Purchasing & Financing Options

Solar That Fits Your Budget

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Home Solar Purchasing Options

Saving on monthly energy bills and achieving energy independence are the two main reasons homeowners purchase solar panels. Special government incentives and rebates allow you to save on the initial solar investment.

There are two ways to acquire affordable solar panels and become energy-independent: purchase or lease. The most important element to understand about each option is that when you lease your solar panels, the leasing company owns your system and can collect any available tax incentives. When you purchase solar panels, you get to keep the tax incentives for yourself. To help you get started, we've outlined the most popular options below. If you still have questions or want to discuss this further, our solar experts always stand by to help.

It's a great investment, and it has a very quick return. Down the road, we'll be able to experience ongoing savings because these panels can last 30-40 years.
K. Muir, Arizona
kolnik - install

Cash Purchase and Loans

Today, financing part or all of a solar system purchase is possible. Various secured and unsecured options are available for 12 to 20 years. Sun Valley Solar Solutions recommends financing only the necessary portion of the net cost after incentives to get the best payback.

In addition to a loan, a buyer can acquire short-term credit financing and incentives to keep initial out-of-pocket expenses low without long-term financing.

An added benefit to purchasing or financing your solar electric system is the net increase in your home's real property value. According to estimates by the National Bureau of Economic Research, solar panels added a $20,194 value premium to the sales price of a home (houses in the study were in the mid-$500,000 range).

Cash Purchase Payment Structure

Since the average return on an all-cash solar power system is 4-9 years, many buyers choose a cash purchase. We structure our cash payments into three easy steps:

  • The balance of the payment when you connect to the utility company
  • 80% payment at installation
  • The balance of the payment when you connect to the utility company
sun valley solar worker carrying panel on roof


Home Equity Financing

Standard and special mortgages are available to homeowners who want to finance portions of their solar investment. In one case, an energy-efficiency mortgage credits a home’s energy efficiency in the mortgage itself. Some options target new home construction, while others apply to existing home improvements. Our solar integrators can help you determine the best fit for you.

The Solar Lease

This is a great option if you don’t want to commit an initial down payment. Common to most capital leases, there are options for no money down or options with down payments that help reduce the monthly fees. Ultimately, the goal is to negotiate lower lease payments than your current utility payments.

Leasing requires good credit, but it’s a viable option for those who wish to avoid the initial investment or cannot take full advantage of available solar tax incentives. Unlike full cash purchases, loans, or mortgages, leasing does not equate to immediate ownership, and as such, the lessor retains the tax benefit.

Benefits of Leasing

Solar leasing functions the same as any capital lease in that down payment options determine monthly payments. Solar, more specifically, offers different ancillary options:

  • Lower monthly payments
  • Minimal to no required downpayment
  • Lease is transferable
Drawbacks of Leasing

Leasing your solar panels lacks a few of the benefits of a solar purchase:

  • The homeowner does not receive state and federal tax incentives
  • Upon sale of the home, the new homeowner must qualify for a transfer of lease

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