With so many benefits to solar power, cost is usually the biggest hurdle. But it doesn’t have to be! There’s more than one way to go solar.
Some customers buy and install a new solar PV system up front, often as part of a home remodel or roof renovation. You own your system, reap all the benefits, and manage system performance, operations and maintenance.
With a “solar power purchase agreement,” a company installs a system on your roof and you agree to a pay a set price for the energy over a set term, usually 15 or 20 years. This lets you avoid paying upfront costs and worrying about system operation and maintenance while still cutting your energy bills and helping the environment.
With a “solar lease,” a company installs a system on your roof and you agree to pay a fixed monthly fee that isn’t tied to energy output. You’re responsible for system performance, operations and maintenance. These solar calculators can help you estimate the cost, payback and energy production of different solar PV systems. And for insider tips on making your solar project affordable with low-cost loans and other financing programs, read through these guides: