Going solar is one of the financially smartest decisions you can make today. But there are ways you can make your solar project even more financially savvy.
The average solar installation costs anywhere between $15,000 to $40,000, depending on the installed capacity, equipment, and several other factors. However, it brings you significantly, predictable cost savings for 25 to 30 years. While you are sold on the benefits, perhaps you are considering the financial prudence of making the upfront investment. Well, the good news is you don’t have to!
Many solar financing options are available to solar customers in Durham, CT. Here’s a quick overview of them:
Solar loans are a popular choice of solar financing for Durham residents for various reasons. For one, there are several types of solar loans with varying sets of terms and payment plans available to customers today.
Customers with a high credit score can avail of unsecured solar loans with incredibly attractive repayment terms. If your credit score is lower, then you may be interested in Green Power Energy’s loan which allows those with a FICO of 600 to qualify. Some customers choose to take personal loans, but we recommend against them, as they tend to come with high-interest rates. At Green Power Energy, we offer customized solar loans that suit your unique needs, including a repayment schedule.
Solar Leases and Power Purchase Agreements
Solar leases and PPAs come with zero upfront costs. Instead, you will be making monthly payments to the solar. The payment amount will be based on your monthly power consumption and will be calculated at a generally lower rate than the utility power rates.
You can even negotiate and fix this rate for several years into the future, so that your monthly power bills remain stagnant, even as the utility power rates shoot up.
Green Power Energy’s Exclusive Solar Financing Features
As part of our commitment to making solar adoption as easy, and lucrative as possible to our customers, we offer a host of innovative financing options. Take advantage of benefits like zero-down solar loans (no down payments), 0% interest and $0 repayment for nearly two years initially, and several other benefits today.
Call us today to discuss the various solar financing options available to you in Durham.