When it comes to solar panels for your home or business, you want the right system to suit your needs. Alternative Energy Systems (AES) located in Chico is a family-owned and operated company that takes pride in providing reliable and high-quality solar panels that will meet your energy needs. We offer financing so that you can begin to save today. Below, we'll take a look at our financing options so you can determine which is best for you. Contact us for a free estimate today!
What Financing Option is Right for You
There’s nothing more annoying than opening an electric bill expecting your normal monthly payment only to find that your rates have increased. Unfortunately, with worldwide demand for electricity increasing, these frustrating situations are all too common. That’s why it’s time to cut out traditional electricity and invest in a reliable solar power system from a reputable company like Alternative Energy Systems.
PPA (Solar Power Purchasing Agreement)
A solar power purchase agreement or PPA is very similar to a solar lease except you don't have control over what type of solar equipment is installed on your property. Monthly payments start at a fixed rate per kWh based on your solar system's production, but they climb each year. As an expert solar company about the pros and cons of this type of solar power financing.
Leasing solar panels is very popular among homeowners and businesses here in Chico. You may monthly lease payments, or you can prepay the 20-year lease in full, either with cash or a loan. Repairs are at the expense of the solar vendor, but the solar vendor claims any rebates.
Purchasing the solar panels up front is another popular way to acquire solar panels. You can either buy them with cash or you can obtain a loan for them. Any solar rebates and the 30% Investment Tax Credit (ITC) go to you. You own the solar panels outright in this financing method.
There are many different types of loans available for solar panel financing. Some of these include:
A standard term loan
A variable interest loan
An unsecured loan
A quasi-secured loan (PACE)
A secured loan
A line of credit
A home equity loan
A HEIL loan
When you partner with AES, we can help you choose the right solar panel financing option for you. Get in touch today.
LEARN ABOUT SOLAR PANEL FINANCING TODAY
There are so many benefits of solar panels for your Chico home or business. You can reduce the cost of your energy bills substantially, increase your property value, and sell excess energy generated back to the power grid, putting money into your pockets. AES takes pride in offering you the best solar panel systems for your home. To get started, reach out to a team member today.