Homeowners Guide to Financing a Grid-Connected Solar Electric System

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Installing a solar electric system that is connected to the utility grid can save energy and money, and even earn you money back. Upfront, the systems are expensive, however. This guide outlines financing options for those considering the purchase of one of these green, grid-connected systems. Financing options covered include:

  • Cash purchase option
  • Home equity loan
  • Bank or credit union loans
  • Solar lease
  • Solar Power Purchase Agreement
  • Property Assessed Clean Energy (PACE)

As the residential solar market has evolved, a number of financing options are now available in many areas across the country. Explore these options to find out if they fit your budget.

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