Many homeowners in Fresno, Clovis, Visalia, Tulare or the surrounding Central Valley areas who are interested in going solar but aren’t sure whether they can afford it and may not be aware that there are several ways to finance a new home solar system.
In the past, purchasing a home solar system might have required a full, upfront payment or a home equity loan. But these days there are several ways consumers can finance a solar system. Solar financing options include a solar lease or a loan, both of which can help homeowners affordably pay for solar, while potentially paying less for electricity than under their current, traditional utility plan. As a result, not only can homeowners help the environment by going solar, but they can potentially save money, too.
Here’s a list of frequently asked questions on home solar financing basics. Note that policies and pricing vary by state, so what’s true for a homeowner in one state may not be true for another state. But it’s a good starting point for understanding your options.
Interested in learning which type of financing option helps you save the most?