Financing

Go solar for less than your monthly electric bill!

New Electric Bill + Monthly Solar Payments < Old Electric Bill

Solar Savings GraphWho said solar is expensive? Finance your system and your monthly payments could be lower than your old electric bill!

Green for the Earth, more green for your wallet

Go green, save money, be energy independent! Because you OWN the system, the 30% federal tax credit is yours. What could be better?

Choose the Right Financing

At Your Energy Solutions, we are all about options. Our energy consultants will help you choose the right financing option to maximize your savings.


Financing Compared

Cash Sungage Loan PACE Lease
Credit Check No Yes Yes No Yes
Financing Term (Years) None 5 – 20 5 – 20 5 – 25 20
Guaranteed Production
No Upfront Payment
Federal Tax Credit
Tax Deductible Interest N/A N/A
Own Your System

Cash Purchase

The most streamlined process.

  • No fees. No interest rate. Highest Return of Investment. Shortest break-even time.
  • Enjoy the 30% federal tax credit.
  • Reduce or eliminate your electric bill, FOREVER!
  • Your investment pays off in as little as 5 years.

Sungage Financial LogoZero down loan to OWN your system.

Requirements: Minimum 640 credit score & up to 50% debt-to-income ratio.

30% Federal Tax Credit: No need to wait for your tax refund. Get the amount of money equivalent to your tax credit now and pay it off within 18 months.

No Lien on Your Home: The lien is on the solar system, not on your home.

No Early Repayment Penalty: Pay off your loan faster if you’d like.

Interest Rates

Loan Term 5 Years 10 Years 15 Years 20 Years
Interest Rate 4.49% 5.49% 6.49% 7.24%
Max Borrow Amount $65,000 $65,000 $65,000 $65,000

Sample Monthly Payments

Cost for Solar $20,000 $25,000 $40,000
Tax Credit $6,000 $7,500 $12,000
Loan Amount $14,000 $17,500 $28,000
5 Year Payment $260.94 $326.17 $521.88
10 Year Payment $151.87 $189.83 $303.73
15 Year Payment $121.88 $152.35 $243.76
20 Year Payment $110.57 $138.21 $221.14

Sungage: More Info


PACE Financing

Property Assessed Clean Energy (PACE) is a method homeowners can use to finance energy upgrades, including solar. Payment is added to the homeowner’s property taxes. Payment terms range from 5 – 25 years.

30% Federal Tax Credit: Unlike leasing, you OWN the system. and are eligible for the 30% federal tax credit.

Tax-Deductible Interest! That’s in addition to the 30% federal tax credit. Consult with your tax advisor for more information.

No Credit Check! Eligibility is determined by mortgage-related debt. Your home’s total mortgage liens cannot exceed 90% of the property value.

Selling your property? No worries! Payment is passed onto the new homeowner, or you can pay off the financing. It’s your choice.

Your Energy Solutions participates in 2 PACE programs: Each program serves different municipalities:

HERO Logo CaliforniaFirst Logo 

List of Participating Municipalities: HERO™ | CaliforniaFirst 


Credit Union Loan

Credit Union Loans are more traditional loans, requiring a credit check. Most credit union loans are unsecured, making the interest rate non-tax deductible. However, they serve as an alternative to PACE loans and do not encumber your property with a lien. Your Energy Solutions works with the following credit unions:

Credit Union Logo - Provident Credit Union Logo - Redwood Credit Union Logo - Travis Credit Union Logo - Umpqua


Lease

With a solar lease, you “rent” the solar equipment installed on your roof, and the electricity it produces may help to lower your electric costs. Most lease terms are 15 to 20 years and require you to make monthly payments for the lease term. You never own the equipment, but you’re not responsible for it either, the lessor is. Solar leases are offered in several different variations: zero down, pay as you go, and pre-paid leases.  If you choose a solar lease, you’ll forfeit several important benefits:

  1. Not eligible for the 30% Federal tax credit.
  2. System ownership.
  3. Quality solar equipment. Solar leases typically favor cheaper, low quality, less productive solar panels and inverters.

While not all leases are bad, solar leases generally work best for individuals who do not have the tax liability to benefit from Federal tax credits. Though solar leases are touted to “lock in your power bill”, most leases actually erode your savings over time as lease payments escalate annually. Most solar leases are funded by third party banks and investment firms that are looking to make a profit from their investment.


30% Federal Tax Credit

Tax BillPurchasing or financing a solar electric system for your new or existing home earns you a Federal tax credit of 30% for the total cost of your solar investment. The homeowner must have a tax liability to take advantage of this credit. The 30% Federal tax credit is unrestricted even to those that pay Alternative Minimum Tax. More Information.



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