Payment Options For Solar Photovoltaic Systems
There are several options available for purchasing or financing a solar PV system, each with their own costs and benefits. The table below illustrates the more common methods used, ranging from purchasing the system outright to utilizing a power purchase agreement (PPA).
Purchase Method |
Initial Investment |
Maintenance Responsibility |
sREC Ownership |
Your Share of Energy Savings |
---|---|---|---|---|
Personal Savings |
System Cost | System Owner | System Owner | 100% |
Financing Program |
Low - None | System Owner | System Owner | 100% |
Lease | None | Lease Company or System Owner |
Lease Company or System Owner |
0% to 50% |
Power Purchase Agreement (PPA) |
None | PPA Institution | PPA Institution | 0% to 30% |
Solar Living™ will work with you to help you acheive the greatest return on your initial system investment. Please remember these numbers above are only a guideline, and will be affected by your current energy consumption, available space for panels, site orientation, and shading.
Upon inspection of your site, a Solar Living™ representative can provide exact numbers, as well as help you decide what financing option best suits your needs.
From our initial visit through the final inspection, we are committed to making this process as simple and stress free as possible.
Contact Us today so we can answer your questions, and to set up a complimentary, no-hassle site visit.