Solar Panel Prices Don't Have To Hit You In The Pocketbook

We have heard the legends about you. You consider yourself the Mike Tyson of the neighborhood.  Yes, you are only an amateur boxer, but from 21st Street to Washington Blvd. people know your name, in fact, they also know the nickname of your deadly southpaw, "Rick."  You and Rick have been carving out some prize money over the last year, and after that lucky snake eyed roll of the dice at the Sands casino this March, you are ready to go solar.  In fact, you could outright buy that solar panel system you have salivating over since Jon John "The Hatchet" Smith had you by for some light beer and to gloat over his energy savings.  However, you were also wanting to upgrade your indoor spa room with that lovely authentic Tokugawa shogunate samurai tapestry, coming in at $9,000 of that hard-earned American green stuff.  So, it's time to consider, and here at HahaSmart, we can help you decide if financing a solar panel system is your best bet. Typically, buying a usually priced solar panel system can cost between $15,000 and $29,000. However, solar panel financing options are available today to make solar energy affordable for all homeowners, regardless of their financial situation.

A solar lease or PPA ends up being a very common route towards financing solar energy. In a usual solar leasing or a power purchase agreement, third-party solar financing businesses, buy and maintain your solar panels. Also, with these deals,  you pay a fixed rate for the solar electricity created via your solar panel system. And, by skipping the initial cost, you can lock in low rates for solar power for the next two decades. 

Loans And Solar Financing

Being a homeowner, you have options.  Some will take out a solar loan or even an energy efficiency mortgage from the federal government.  These options can be a great way to finance your solar system. Fannie Mae and the U.S. Environmental Protection Agency, two public government institutions also offer home loans for solar systems.  They utilize the  Energy Star program to service its customers. Remember, with loans or mortgages, the entire upfront cost of the home solar system is still up to you to cover. 

PACE Solar Financing Option

In individual states, there are added incentives to be found.  One of these programs is called the PACE program.  In a PACE program, the city loans the homeowner the price of the solar system and the homeowner repays the money back through an increase in property taxes.

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.