Residential Financing

There are countless reasons to begin your journey to clean power, and many ways to make that dream a reality.

Purchase: The Quickest Path to Solar

When you purchase solar outright, you have complete access to federal, state, and local solar initiatives, where available. This may offset the solar project cost significantly. Cash purchases typically offer the maximum return on your solar investment.

The benefits of purchasing your solar energy system outright include:

• Reducing wait times on finance approval and requirements
• Offering maximum return on investment
• The opportunity to use a home equity loan which may be tax-deductible
• Solar tax credits and/or state and local incentives for which you may be eligible
• Maximizing your savings by purchasing a SunPower® system

Loan: Own Your System with Payments

Your system is purchased outright, and you make payments on your loan. For many homeowners, the combination of the loan payment and the remaining electric bill is often lower than the electric bill prior to solar.

When you take out a loan, you can enjoy:

• Easy online approval, with no long application
• Straightforward monthly payment options
• Competitive solar interest rates for 10, 15 and 20-year terms
• Solar tax credits and/or state and local incentives for which you may be eligible

Lease: No Up-Front Cost & Easy Approval

Leasing your system typically offers immediate utility savings and leads to increased savings over time as traditional energy costs rise. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed.

Leasing solar panels offers various benefits, such as:

• Savings from day one
• Federal tax benefits allow for lower energy cost
• No up-front payments required
• You pay a monthly amount to "rent" the system and use the energy you produce
• Guaranteed production for 20 years, worry-free

It is also important to note that when you sell your home, you can assign the lease to the new homeowner, subject to credit approval. SunPower® facilitates this process.

Lease: Low, Or No Up-Front Cost

You lease a solar panel system and lower your electric bill by using the energy it generates. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed.

When you lease:

• Financing is often a lower cost than a PPA
• Lessor tax benefits can reduce lease payment (tax benefits expiring soon)
• Minimal up-front payments reduce investment

PACE: No Up-Front Cost

PACE financing provides capital to add energy upgrades, including solar to your facility with repayment programs that are cash flow positive on day one. Eligibility is based on property value, not your credit history.

If you choose PACE financing, you will benefit from:

• Owning your system
• Immediate positive cash flows
• Reduced electricity costs

PPA: No Up-Front Cost

A third party pays for installation, owns, operates, and maintains the system. You have an agreement to purchase energy produced from that system, locking in lower energy costs for the long term.

Benefits of this option include:

• No capital investment
• Fixed energy costs, often lower than your prior rates
• No responsibility for operations or maintenance
• Only pay for energy consumed