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 FAQ: Can I Finance A Home Solar
Panel System?
Yes. There are a number of different ways to finance the installation
of a home electric solar panel system. The most popular and
obvious way is to contact your lender about a home equity or
home improvement loan to finance the purchase and
installation of a home solar panel system.
Also today many solar power equipment companies are also
offering (or have access to) a wide variety of financing
options to qualified consumers. Another option that
you may want to consider (if you qualify) is called a Energy
Efficient Mortgage or EEM.
Another new form of residential solar energy financing
emerging is called the power purchase agreement, or PPA.
With this option another entity pays for and owns the solar
installation at your home, then sells you electricity at guaranteed rates
under a long-term contract.
You may want to explore and ask about these options
when you
contact a local solar power
contractor or dealer in your area for a consultation or
estimate.
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