How do I go solar without upfront costs?

There are three main ways to go solar without any upfront costs – solar loans, and solar leases or power purchase agreements, also known as PPAs. Solar energy systems are an expensive investment, which is why about 85% of all solar system installations are financed. The zero-down option with the most financial upside is a solar loan.

What are zero-down solar options?

Zero-down solar options allow you to move towards solar energy projects without worrying about upfront costs ($0 down). Solar leases, power purchase agreements (PPAs), and solar loans are all financing options that won’t require paying a large lump sum out of pocket.

How do I take advantage of zero down solar?

A solar loan is another way to take advantage of zero down solar. If you finance through a solar loan, you will simply borrow money from a lender to purchase your solar energy system and pay it back in monthly installments with interest.

What is zero down solar?

Zero down solar refers to financing your solar installation without any upfront payment. With an average-sized 5kW solar installation costing around $15k\, the idea of avoiding a large initial payment can be appealing. But,how does one go solar with no upfront costs, and how does the process work?

How do I get a $0 down solar loan?

Another way to take advantage of $0 down solar is through a solar loan. If you finance through a solar loan, you will simply borrow money from a lender to purchase your solar energy system and pay it back in monthly installments with interest.

Should you buy a solar system with no down payment?

Although the idea of having no down payment is appealing – especially for big-ticket purchases like cars or solar panels – it’s important to understand the overall financial commitment you’re making before spending tens of thousands of dollars on a solar system that you’ll rely on for more than two decades.