#WednesdayWisdom of the Week: Solar Financing
Looking to purchase a solar system through financing? How should one finance their solar system?
Many companies including Equity Solar offer financing programs to clients that qualify for solar, allowing them to pay off their solar system over time. For example, Equity Solar has options for clients to finance with a 5 year, 10 year, 20 year, or 25 year plan each with different monthly payments dependent on the client’s chosen system. **If choosing to finance on credit, a credit score of 650 or higher is necessary; however, we do also offer financing plans without credit for those interested.**
Before jumping right into financing, we suggest our clients meet with our certified solar consultants who will be able to effectively answer all questions and create a plan that works best for each client's budget. They will walk you through the process of switching to solar, explaining what it takes to install the solar system and the equipment and time necessary for the transition. They will then give you a proper estimate of your total expenses based on the solar system purchased (this depends on the size of your roof or the amount of solar panels you choose), and how much you may be billed monthly for the energy consumed per watt. **Our solar systems run from $15,000-$29,000, and some of our clients have been billed as low as $79.99/month for the kilowatts of energy used in their home.**
We at Equity Solar strive to keep our clients aware throughout the entire process and as changes are made, so that our clients walk into their solar-powered homes knowledgeable of their purchase and exactly how the system works.
If you would like to learn more and speak with a solar consultant yourself, give us a call at (407) 901-2040 to book your appointment!