Price & Financing

The Cash Purchase: Investing in Your Home's Value Today

Buying solar panels with a cash purchase is the most straightforward path to going solar. Plus, the total costs of solar panels and installation can be reduced by as much as 50% through tax incentives and local rebates. The U.S. federal government offers homeowners a big tax deduction with the 30% Investment Tax Credit (ITC), and you can increase this savings with additional state and local government incentives. Even more exciting is that owning solar panels can increase your home’s value by an average of $10,000.00 per Kilowatt installed, according to the U.S. Department of Energy’s Lawrence Berkeley National Laboratory report.

Example Buyer Profile

Buying solar panels with a cash purchase may make sense if you:

  • Have cash on hand
  • Would like to own your solar system outright and be free of ongoing payments
  • Want to benefit from Federal, state, and local tax incentives
  • Are interested in potentially increasing your home's value with solar panels

The Patriotic Power Solutions Solar Loan: Making a Solar Purchase Affordable

A solar loan is yet another solar financing option to manage the cost of solar panels and installation. There are two common loans to finance residential solar panels: an unsecured solar loan or a home equity loan.

A solar power company with strong lender relationships can help you get an unsecured solar loan for up to 20 years. With a fully amortizing loan, you can enjoy low payback periods and low interest rates. Solar loans come in a range of term lengths to fit your needs.

A home equity loan makes sense if you have home equity available. This type of solar loan allows you to take advantage of tax-deductible mortgage interest. Be sure to check with your tax advisor to see if this is available to you.

Both loans allow you to take advantage of tax incentives such as the 30% Federal Investment Tax Credit (ITC) to help reduce solar costs.

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