One of the most common concerns for homeowners considering solar energy is the upfront cost. Fortunately, going solar has never been more affordable, thanks to various solar financing options available today. Whether you’re interested in leasing, purchasing, or taking advantage of government incentives, there’s a solution that can fit your budget and energy goals. In this guide, we’ll break down how you can finance your home solar system with Ohm Solar Solutions and save on your energy bills.
Lease or Power Purchase Agreement (PPA): Low Upfront Costs, Big Savings
If you’re interested in solar but don’t want to make a large upfront investment, a solar lease or Power Purchase Agreement (PPA) could be your best option. With these plans, you can get solar panels installed on your roof with little to no money down. In a lease, you pay a fixed monthly amount for using the solar system, while in a PPA, you pay for the electricity the panels generate.
Both options allow you to enjoy immediate savings on your electricity bills, as solar energy is typically cheaper than grid power. Plus, you can enjoy hassle-free solar energy because Ohm Solar handles all maintenance and repairs.
Financing: Own Your Solar System for $0 Down
If owning your solar panels is more appealing, solar financing options allow you to spread the cost of your system over several years, often with no money down. This is ideal for homeowners who want to take advantage of the long-term financial benefits of owning their system while keeping initial costs low.
At Ohm Solar Solutions, we work with trusted financing partners to offer competitive interest rates and flexible payment plans. Financing your solar system means you’ll eventually own the panels, and once your loan is paid off, all the electricity your system generates will be yours—free of charge. You’ll also be eligible for solar tax incentives that can help.
Cash Purchase: Maximize Your Long-Term Savings
If you’re ready to make an upfront investment, purchasing your solar panels outright is the best way to maximize your savings. While this option requires the highest initial cost, it offers the biggest financial returns in the long run. By purchasing your system, you eliminate monthly payments and will see the full benefit of the electricity your panels generate.
Additionally, purchasing your system outright makes you eligible for the federal solar tax credit, which currently allows you to claim 30% of the cost of your solar installation as a tax credit. Find out how the federal solar tax credit can benefit you.
Solar Tax Incentives and Rebates: Lowering the Cost of Solar
One of the major benefits of going solar in California is the availability of solar tax incentives and rebates. At the federal level, the Investment Tax Credit (ITC) allows homeowners to deduct 30% of the cost of installing solar panels from their federal taxes. In California, there are additional local incentives, like net energy metering (NEM), which lets you sell excess energy your system generates back to the grid for credits on your utility bill.
Many homeowners can significantly lower the overall solar installation cost by taking advantage of these incentives. At Ohm Solar Solutions, we help you get the maximum financial benefit from your solar investment. Learn more about solar tax incentives in California.
Why Choose Ohm Solar Solutions?
At Ohm Solar Solutions, we understand that each homeowner’s financial situation is unique. That’s why we offer a range of flexible solar financing options to make going solar easy and affordable for everyone. From leasing and PPAs to financing and cash purchases, we have a solution that can fit your needs. Our expert team will guide you through the process, maximizing your long-term savings.
Ready to switch to solar and start saving? Contact Ohm Solar Solutions today to schedule a free home energy audit and find out how much you can save with solar.
With so many affordable solar energy solutions available, transitioning to clean energy has never been easier. Whether you’re looking for solar panel installation in Northern California or exploring solar financing options, Ohm Solar Solutions is here to help you every step of the way.
