Residential solar power systems might be an affordable option for more homeowners now as SunRun has released two flexible payment options: SunRun Total Solar and SunRun Power Plan.
For those considering buying solar panels but couldn’t manage the upfront costs the Power Plan allows purchasers to pay $2,000 plus financing options that involve a fixed rate for the solar power.
The Total Solar plan sees customers pay for everything upfront. This doesn’t involve ownership of the solar panels but the customers still receive the of the 30% Federal Tax Credit immediately upon purchase as opposed to getting it a year later.
March 20th, 2010 at 3:01 am
Anything that promotes the adoption of solar energy should be applauded. Leasing is one option that makes sense for some homeowners, but it has some drawbacks. Notably, the savings are significantly less compared to other purchase methods, there could be balloon payments, it requires a very high FICO, and there could be complications upon a sale of the property. A property sales requires the new owner to sign a leasing contract with the provider, or a balloon payment for the current contract.
March 22nd, 2010 at 6:59 am
a homeowner can invest in a solar panel power plant on their roof or property to produce most, if not all, of their residential power. Be sure to plan ahead so you can charge your all electric car in the future.
You’ll enjoy a $0 or very low power bill for the 25 or 30 year life of the system. For example, if you spend $200 per month for electricity with a utility, then you will spend $81,979 over 25 years. No matter how you calculate it, you will save money with a $5,000 to $25,000 solar panel system. Remember, you can pay the utility for 25 years, with annual price increases, or you can pay a lot less for solar power. You’ll also get some great tax credits and cash rebates, and you will increase the value of your home.
To do something about this today, then visit FreeCleanSolar.com to shop online, compare solar installers and get the latest information about solar rebates, solar tax credits, solar financing and leasing, system costs and the benefits of going solar. The bottom line is that many homeowners and business owners can afford solar power today.