When it comes to paying for a solar system in Denver, you have many payment options to choose from.
Many people have dreamed of utilizing the sun’s energy to power their homes, and with solar panel installation from Planet Roofing, you can now keep the lights on in an affordable, clean and environmentally-friendly way. In our last blog, we went over a few of the unique benefits of going solar in Denver, many of which consisted of the different rebates and financial incentives that are available to Denver residents. However, we know that, even with the drastic drop in the cost of solar and all of the incentives available, solar power can still be out of reach for some people. Luckily, you may have more payment options than you think, and solar power may be within your reach after all. Here are a few of the solar power financing options that are available to the good people of Denver:
Making a large, one-time investment is just not an option for many people in Denver, but luckily, zero-down solar leases are available. The typical solar lease will last about 20 years, but you’ll enjoy the benefits of going solar right away, and at the end of the lease, you’ll have the option to completely pay off your system if you wish.
Although solar leases can be great options for many people, there is a downside. Since the Residential Clean Energy Grant Program requires your system to be paid in full in order to take advantage of it, you won’t be able to qualify for it with a solar lease, but you will still be able to enjoy monthly savings on your solar system right away.
Solar loans are also an option for people who don’t have the money to cover the entire solar system right away. With a solar loan, you’ll be able to purchase an entire solar system for your home or business with just a small investment of your money. When the option is available, many people prefer solar loans over solar leases because, once the loan is complete, their system will be paid in full and they will actually own it.
Solar Purchase Agreements
One solar payment option that has been rapidly growing in popularity over the last few years is a Solar Power Purchasing Agreement (PPA). With a PPA, you, as the homeowner, can reap the benefits of going solar without actually having to invest anything! Instead of paying for the solar system yourself, with a PPA, you allow a developer, or another third party, to install a system on your home. In addition to paying to install the solar system, the developer will also take care of maintaining the solar system.
Regardless of which solar financing option you choose, make sure that you pick the right solar panel installers in Colorado for your solar system installation. The team at Planet Roofing offers free roofing inspections, and we can help you determine if solar is the right choice for your roof, your needs and your home. Contact us today!