Frequently Asked Questions

Depending on where you live, solar rebates and incentives may differ. The most important is the 26 percent federal investment tax credit (ITC), which allows you to deduct 26% of the cost of your solar energy system from your taxes. In some cases, states provide additional tax credits, and cities or utilities may give cash rebates or other subsidies.

There are three ways to finance your solar system: buy it in cash, take out a solar loan to pay for it, or sign a solar lease/power purchase agreement (PPA).

Your motives for going solar will determine whether you buy or lease your solar energy system. Buying the equipment is usually a better option for you if you want to get the most out of your solar energy system. However, if you want a simple, no-maintenance way to cut your energy expenditures while also helping the environment, consider a solar lease.

Solar loans and solar leases are two separate types of agreements that may help you save money on your energy bills while also reducing your carbon footprint. Both options help you save money on your power bills while also being good for the environment, but each type of contract has its own set of restrictions.

The major distinction between secured and unsecured solar loans is that secured solar loans necessitate that you put your house as collateral for the loan. Unsecured solar loans are not the same as secured ones, but their interest rates are generally higher to compensate for the greater risk undertaken by the lender.

Many different institutions offer solar loans, including local and national banks, specialty financing companies, manufacturers, and credit unions. To choose the best solar loan for you, compare options from a few different financing providers.

Going solar is a no-brainer if you have the financial means. Solar energy is becoming more and more affordable, thanks to low-cost financing options like solar loans and leases. By going solar, homeowners with excellent credit may save money on their power bills by cutting back on electricity use.

Solar panels are excellent for roofs that get a lot of suns and have plenty of space to install solar panel technology. However, if your home does not possess the finest solar roof, you may be required to undergo rounds.

The capacity of your solar energy system is determined by the amount of power you use each month, as well as the weather in your area. Look at your prior electricity bills and compare quotations from certified, pre-screened solar installers to those from unlicensed companies to determine the best system size for your needs.

If your roof must be replaced, it might be tough to remove and reattach solar energy systems. They can endure 25 to 35 years and are pricey to replace. Get any necessary work on your roof done before or as soon as possible after putting in solar panels.

Solar panels are extremely durable, even in the presence of snow, wind, and hail. Although various components within your solar power system will need to be replaced at various times, it should continue to operate for 25 to 35 years.

Solar energy systems leased have a higher resale value: there has been evidence that having solar panels on your property improves its value. If you install your solar power system, this is not the case. If you are selling your home and don't want to buy out your lease, you may work with your leasing business to have the contract transferred to the new owner.