Solar Payment Options
Investing in solar energy is a strategic step toward sustainable independence. To make this transition accessible, we offer three main ways to pay for your system: PPA (Power Purchase Agreement), Solar Loans, and Cash Purchases.
PPA (Power Purchase Agreement)
- Benefits: No upfront costs, immediate savings on bills, and full system monitoring and maintenance included.
- Cost: Pay only for the power the system produces at a fixed, lower rate than your local utility.
- Ownership: The system is owned and maintained by the solar provider, minimizing your technical responsibility.
Solar Loan
- Benefits: Own your system with technical support, and potentially benefit from federal and state tax incentives.
- Cost: Monthly loan payments that often replace your existing utility bill.
- Ownership: You own the system from day one, giving you full control over your energy asset.
Cash Purchase
- Benefits: Highest long-term ROI, no interest costs, and maximum property value increase.
- Cost: Upfront investment for the entire system cost.
- Ownership: Full, immediate ownership of your solar infrastructure with no ongoing payments.
Which payment option is right for you?
Choosing the right way to pay for your solar system is just as important as the technology itself. We help you align your financial goals with the best available solar investment strategies.
- Lowest Upfront Cost: A PPA allows you to go solar for $0 down while securing lower monthly energy rates.
- Best Long-Term Savings: Cash Purchase offers the highest ROI by eliminating interest and maximizing tax incentives.
- Predictable Payments: Solar Loans provide a fixed monthly cost with the eventual benefit of full system ownership.
- Technical Worry-Free: Both PPAs and Loans often include managed maintenance and performance monitoring.
Payment FAQs
What is the difference between a PPA and a lease?
With a PPA, you pay for the energy the system produces at a set rate per kWh. In a lease, you pay a fixed monthly amount for the equipment itself regardless of production.
Can I buy my solar system later if I start with a PPA?
Yes, most PPA agreements include a purchase option after a certain period (usually 5-7 years). This allows you to transition to full ownership when it makes financial sense.
Do I qualify for tax credits with a solar loan?
Yes. Because you own the system with a loan, you are typically eligible for the Federal Investment Tax Credit (ITC) and other local incentives to reduce costs.
Is maintenance included in a cash purchase?
While maintenance isn't a monthly service fee for cash owners, Brightsky Solar provides comprehensive warranties and technical support for all our installations.
How long does the financing approval take?
Solar loan and PPA approvals are usually quite fast, often completed within 24 to 48 hours after your initial consultation and credit check.