Financing Options
Overview of Financing Solutions
At SIG solar we believe that the cost of our equipment should never impact your ability to save! That is why we offer multiple financing options for all of our clients so that everyone has the opportunity to save big by going SIG Solar with $0 out of pocket upfront.
Solar Loan
Spread the cost over time with a low-interest loan.
- Own your system while paying it off gradually.
- Keep all tax incentives.
- Monthly payments are lower than your current utility bills.
- Maximize monthly savings by paying your solar bill instead of your rising utility bills.
Power Purchase Agreement (PPA)
Go solar with zero upfront cost and pay only for the power you use.
- No system ownership or maintenance responsibility.
- Predictable, lower energy rates.
- Immediate reduction in utility bills.
Purchase
Own your solar system and maximize long-term savings.
- Pay upfront or with a loan.
- Eligible for federal tax credits.
- Maximize your return on investment.
FAQs About Solar Financing
Here are just a few of the questions we get EVERY DAY out in our communities! Do you have a question that isn’t listed here? Feel free to message us and we would be glad to answer any other questions you may have!
Are there incentives available for solar?
Yes, this year there is a 30% Federal Tax Credit (FTC) Available.
Do you really save money with solar panels?
Yes, by going solar, you are insulated from the ever rising utility rates.
Do solar panels hurt the resale value of your home?
According to a nationwide study by the US Department of Energy’s Lawrence Berkeley National Laboratory, resale values increase an average of $4 for each additional solar watt installed. This means that a standard 5kW system could increase your home’s value by as much as $20,000
Are there any upfront costs involved with solar financing?
With a PPA (Power Purchase Agreement), there are usually zero upfront costs. Customers can decide to lower their payments with a cash injection, however there are not any REQUIRED upfront costs.
What’s the typical payback period for a purchased solar system?
The payback period for a purchased system typically ranges from 4 to 8 years, depending on system size, energy savings, and available incentives. After the payback period, the electricity generated is essentially free.
How do I know which financing option is right for me?
Our solar experts will assess your energy needs, budget, and long-term goals to recommend the best financing option for you. We’ll also help you maximize available incentives and savings.
How to Apply for Financing
Applying for solar financing is quick and easy. We’ve simplified the process to help you secure the best financing option with minimal hassle. Our team will guide you through each step, ensuring you understand your options and maximize available incentives.
Start by scheduling a free, no-obligation consultation with our solar experts. We’ll assess your energy needs, review your property, and discuss the best solar system and financing options for you.
