FUNDING SOLUTIONS TO SUIT YOUR NEEDS
Funding for solar depends on your lifestyle, taxable income, personal preference and your desired savings. Sun Energy Experts will work with you to find the solution that best fits for you. Whether it be a cash purchase, a financed purchase, or a lease we have the right type of funding that will best suit your needs. Each option has its pluses and minuses and we will work out with you the plan you are most comfortable with.
Cash Purchase
- You pay taxes and can use Tax Credit
- High and best return on investment
- No rate increases
- Budget for maintenance
- Home value increase
- Best choice for greatest return on investment
Financed Purchase
- You pay taxes and can use Tax Credit
- 10, 12, 15, 20 and 25 year terms
- Rates as low as 2.99%
- No money down
- Interest only options
- Best choice no money out of pocket and high return on investment
Lease
- You do not pay enough taxes to use Tax Credit
- Up to 20 years to pay
- Rate increases annually
- Maintenance included
- No money down
- Best choice if unable to take advantage of tax credit
FAQ
Most frequent questions and answers
1. Solar Panels
Solar panels are made of photovoltaic cells that convert sunlight to direct current electricity (DC electricity). As long as the sun ray’s are making contact with your roof, your panels are converting solar radiation into DC electricity. And if it’s cloudy out? Don’t worry, your panels will be working hard rain or shine. But your electricity isn’t ready just yet—you’ll need an inverter to get the kind of power you need to turn the lights on.
2. Inverter
The inverter is a device that takes the DC electricity produced by your solar panels and turns it into alternating current electricity (AC electricity). It’s typically installed on an exterior wall of your house, or in the garage.
3. Main Electric Service Panel
Solar electricity from your inverter flows to the electrical panel, and then into to your home where it powers your lights and appliances. If your panels generate more solar energy than you use, the excess power will flow into the utility grid. Even better? You might even earn extra energy credits from your local utility.
4. Net Meter
Your net meter monitors your system production and sends the information to us through a wireless signal. Since it tracks your energy production 24/7, it’ll automatically alert us if it detects problems or irregularities. That way, we can make sure your solar system is in the very best shape without you ever having to lift a finger.
5. Utility
When your system produces more than you need, the excess energy is sold back to your utility and credited to your monthly electric bill. When you need more energy than your solar system can produce, your home will automatically pull the energy from your utility.
Easy, right? That’s how we like solar too. When you choose Sun Energy Experts, going solar is no sweat, including figuring out how it works. And if you’ve still got questions? No problem. Contact our solar consultants today and see just how easy going solar can be.
If you can afford to pay your electricity bill you can afford to go solar. $0-down solar financing options, including both solar loans and solar leases, make it easy for homeowners with good credit to start saving on their electricity bills by going solar. Request a free solar quote to compare costs and savings for multiple financing options.
When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. How much you can save depends on the utility rates and solar policies in your area, but going solar is a smart investment regardless of where you live.
If you own your solar energy system, your solar house will sell at a premium: studies have shown that solar increases property values. However, if you lease your system, that is not the case. You will need to either buy out your lease before you sell your home, or work with your leasing company to transfer the lease agreement to the home’s new owner.
The size of your solar energy system will depend on how much electricity you use on a monthly basis, as well as the weather conditions where you live. Take a look at your past electricity bills and request a free solar quote from Sun Energy Experts to determine the best system size for your needs.
In general, solar panels are very durable and capable of withstanding snow, wind, and hail. The various components of your solar power system will need to be replaced at different times, but your system should continue to generate electricity for 25 to 35 years.
Solar energy systems can last for 25 to 35 years, and it can be costly to remove and reinstall them if you need to replace your roof. If your roof needs maintenance in the near term, you should complete it before you finish your solar installation. Sun Energy Experts will be able to tell you whether to replace your roof before going solar.
Southerly-facing roofs with little to no shade and enough space to fit a solar panel system are ideal for installing solar. However, in many cases there are workarounds if your home doesn’t have the ideal solar roof. Contact Sun Energy Experts to learn more about all of your options; all installation offers are based on images of your actual roof.
Studies have shown that homes with solar energy systems sell for more than homes without them. However, your property value will only increase if you own, rather than lease, your solar panel system. In most parts of the country, going solar will actually increase your property value more than a kitchen renovation.
Solar power, like other renewable energy resources, has many environmental and health benefits. Going solar reduces greenhouse gas emissions, which contribute to climate change, and also results in fewer air pollutants like sulfur dioxide and particulate matter, which can cause health problems.
Net metering is the system that utilities use to credit solar energy system owners for the electricity produced by their solar panels. With net metering, you only pay for the electricity that you use beyond what your solar panels can generate. Net metering policies differ from state to state – from Arizona to California to Hawaii – so make sure to do your homework ahead of time.
The amount of power your solar energy system can generate is dependent on sunlight. As a result, your solar panels will produce slightly less energy when the weather is cloudy, and no energy at night. However, because of high electricity costs and financial incentives, solar is a smart decision even if you live in a cloudy city.
When you install solar panels on your property, you will still be connected to the grid. This allows you to draw from the grid when your system is not producing all of the power that you need, and send power back to the grid when you produce more than you use. It is possible to go off the grid with a solar energy system that includes battery storage, but it will cost significantly more and is unnecessary for the majority of homeowners.
Unless your solar energy system includes battery storage and you are fully off the grid, you will still receive a bill from your utility. However, you can dramatically reduce your bill, or even cut the amount you owe to $0, with a solar panel system that matches your energy use.
If your solar panel system is connected to the grid, it will shut off in the event of a blackout. This is to prevent emergency responders and electricity utility repair-people from being injured by your panels sending power back to the grid. However, there are certain inverters you can buy that provide backup power in a blackout when paired with a battery.
Solar panel systems are made of durable tempered glass and require little to no maintenance for the 25 to 35 years that they will generate power. If something does happen, most equipment manufacturers include warranties, although warranty terms depend on the company.
Solar rebates and incentives vary depending on where you live. The most significant is the 30 percent federal investment tax credit (ITC), which allows you to deduct 30 percent of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives.
There are three solar financing options: you can purchase your system in cash, take out a solar loan to buy your system, or sign a solar lease/power purchase agreement (PPA). Sun Energy Experts can help you assess the costs and 20-year savings of each solar financing option.
The decision to buy or lease your solar energy system depends on your reasons for going solar. If you are interested in maximizing the financial returns of your solar energy system, buying the system is probably a better decision for you. However, if you prioritize an easy, maintenance-free way to reduce your energy bills and help the environment, you should consider a solar lease.
Solar loans and solar leases each have advantages and disadvantages. Both options reduce your monthly electricity bills and your impact on the environment, but the terms and conditions of each type of agreement are different. Compare solar loans and solar leases by contacting Sun Energy Experts to determine which one is right for you.
The primary difference between secured and unsecured solar loans is that secured solar loans require that you promise an asset, usually your home, as collateral for the money that you borrow. Unsecured solar loans do not, but their interest rates are generally higher to compensate for the increased risk taken on by the lender. To understand which financing option is best for you, to evaluate offers for both secured and unsecured loans contact Sun Energy Experts.
Many different institutions offer solar loans, including local and national banks, specialty financing companies, manufacturers, and credit unions. To choose the best solar loan for you, compare options from a few different financing providers. Contact Sun Energy Experts to review multiple equipment, installer, and financing options.
15333 N. Pima Rd. Suite 305, Scottsdale, AZ 85254
(480) 745-2252
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