What financing options are available for purchasing a solar panel system?

Asked 6 months ago
Solar City offers multiple financing options for purchasing a solar panel system, making solar energy accessible for everyone. One option is the Solar Loan, which allows customers to own the system by paying fixed monthly payments over a period of time. This option can provide savings through lower interest rates. Another option is the Power Purchase Agreement (PPA), where Solar City installs and maintains the system on a customer's property, while the customer purchases the energy produced at a lower rate than their utility charges. This option requires no upfront cost and provides immediate savings. Additionally, Solar City offers a solar lease, allowing customers to rent the system without any upfront expenses. These financing options allow customers to choose the best fit for their financial situation while embracing clean, renewable energy.
Adam Goldkamp is the editor / author responsible for this content.
Answered Nov 2, 2023

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