Financing Your Solar Panels
Investing in a solar system is a significant decision for any person and determining whether it is a good investment and how to pay for the system can be challenging. There are typically four financing options; cash-out of pocket, loans such as home equity or from another lending institution, leases or Power Purchase Agreements (PPA).
Determining which of these is best for you will depend on your availability of capital, your tax situation, and your personal preferences. Some questions that would help guide your decision would be:
• Would you prefer to own your solar system?
• Do you have an appetite for tax incentives? In other words do you pay taxes now and would you like to pay less tax?
• Do you know your credit score? You can find this for free at CreditKarma.com.
• Do you like flexibility and choice in your financing products?
Fortunately Paradise Energy Solutions is prepared to help you navigate these waters. Paradise Energy Solutions and our financing partners offer a variety of solutions that we believe are the best options available to solar customers. We offer solutions for residential customers, commercial and farm customers, and non-profit organizations. Please check out the options we offer and feel free to contact us to discuss your financing needs.