The Benefits of Solar Loans
Solar PV technology has never been more affordable than it is today. But not everyone has the money to pay for a new system.
Using a loan, however, can help bridge the gap.
It costs $0 upfront to get started. And although you’re technically taking on debt, you’re not paying any money out-of-pocket. That’s because solar loans are carefully structured so that the savings you receive from your PV panels exceeds your monthly loan repayments.
If your solar installation shaves $100 off your utility bill, then your loan obligation will be $99 – or less. Those savings are guaranteed. And there’s little chance of defaulting since your PV panels are warrantied for 25 years when you choose Capital Construction & Development.
In other words, using solar loans to finance your system is a risk-free investment that delivers predictable returns and savings. As long as the sun rises every morning, your solar PV system is guaranteed to pay for itself in just a matter of years.
All of this is in sharp contrast to solar leasing – a financing approach that never truly pays for itself. With a solar lease:
- You benefit from cheaper and cleaner electricity. But because you’re renting your PV panels, it’s not possible to break even. Solar leasing is simply an ongoing cost.
- Worse still, leasing doesn’t allow you to claim any incentives – like the Solar Investment Tax Credit or net energy metering. These generous subsidies go to the system lessor instead.