Financing Solar Panel Systems
How to finance your solar panel system
The current low prices for solar panels relative to the higher costs of electricity from the grid mean that purchasing a solar system is already a very smart investment even without any subsidies. That’s why many people choose to invest some of their savings in solar energy. Sometimes there are additional ways to finance your solar installation.
Buying solar panels
If you are thinking about investing in solar then you need to consider a lot of different things. One of the first things to consider is this: Are you buying a product? Or are you making an investment in order to achieve a certain saving? What are the things to take into account when investing in solar panels?
How much do solar panels cost?
The solar panels themselves are the main component of a solar system. There is a wide variety of panels, all with different prices. It’s important to bear in mind how much energy a panel can produce over its lifetime, rather than just looking at the price. Our advisors are happy to calculate the return on your investment, rather than simply looking at the costs.
Financing
Tax-deductible mortgage
Installing solar panels is seen as an improvement to your home. If you take out a loan for this investment, then you can deduct the interest on the loan. You can also reserve extra space in your mortgage for solar panels. The interest on the mortgage is also tax deductible.
Loans
If you wish to invest in solar but don’t have the spare cash, you can request a loan. There are a variety of green loans on offer for investments in sustainability. Our consultants can tell you more about these options.
Interested?
Let us know, we’d love to show you what your possibilities are! If you send us an e-mail at
info@socalsolarguys.com or call 818-456-2941, we’ll get in touch to discuss your options. And
soon you may be the proud owner of your very own solar system!