Making solar power has never been cheaper and quicker. With the availability of loans, power purchase agreements, and even discounted rates for upfront purchases, more homes are turning to the sun for their energy requirements.
Read on to find out how to select the best financing option for your home’s solar energy!
Keep in mind that terms can change
If you pick a solar system with the purpose of selling extra electricity back to the grid, keep in mind that terms and conditions are possible to change. As a result, you must accept that your investment may not provide the expected return at some point.
Take into account all costs
Leasing, PPAs, and upfront payment all have advantages and disadvantages. To ensure that they are not paying more than the revenue earned, a homeowner must comprehend all of the costs involved.
Check that all of your credits are in place
Speak with your tax expert about possible tax credits and incentives. Remember that there may be local incentives that differ by location.