Adoption plans

Cash Purchase

Being able to afford solar power is a fantastic way to join the green revolution. Own your power. Your panels produce energy!!

You can opt to go solar with cash purchases to avail the advantages of all federal and regional tax credits and incentives. Solar cash purchases are appropriate for homeowners who have the financial capability to purchase panels with cash.
Some Benefits of Cash Purchase of Rooftop Solar Panels:

  • Reduces the time required for a solar project, in turn, allowing us to benefit from clean, solar electricity as quickly as possible.
  • Avoiding third-party expenses and interest rates by maintaining complete control of your solar PV energy system.
  • Securing a low electricity rate for a lifetime and reducing your exposure to volatile energy rates.
  • Become a solar-powered party by promoting social responsibility message.

Solar Loans

For customers lacking the capital for a cash purchase, solar loansoffer the perfect solution. Many different types of institutions offer solar loans, from traditional banks to solar panel manufacturers. Solar loans offer immediate returns by helping you save money on your electricity bills right away, even as you repay the loan. eSunscope enables you to find and evaluate your solar loan options, as well as high quality pre-screened solar installers. Solar loans usually have the same basic structure, terms and conditions as any other home improvement loan. When anyone borrows money from a lender, they agree to pay it back, plus interest, in monthly installments over the loan term.

There is one main difference between a solar panel loan and a home improvement loan: a solar panel loan enables you to own an asset that generates substantial financial value. It includes the cost of electricity generated by the solar panel system over its lifespan. While a new kitchen or a deck is an excellent addition to your home, it does not offer the same type of financial benefit. A solar loan allows us to own an asset that generates significant savings. There are two fundamental things that you should ask yourself to find the solar energy loan that is right for you. A secured or an unsecured loan. There are two categories of solar energy loans. A secured loan requires an asset that serves as collateral for the loan whereas an unsecured solar loan does not require any collateral other than the solar panel system. However, both loan categories have implications for the borrower.The amount paid each month will impact the interest rate and the length of the loan. Since a loan with a longer term has a smaller monthly payment, you will have to pay more towards the interest over the life of the loan. In contrast, payments on solar energy loans with shorter terms may exceed your monthly utility bill savings, yet they offer better value because you pay less in interest over the life of the loan.

Solar Power Purchase Agreement

A solar PPA is a financial agreement that allows a developer to prepare the strategy for the design, finance, permit and the installation of a solar energy system on a potential customer's property at a nominal cost. After which the developer sells the power generated to the host customer at a fixed rate which is substantially lower than the local utility’s retail rate. This electricity price serves to offset the customer’s share of consumption of electricity from the grid while the developer continues to receive income from the sale of the power as well as any other tax credit and additional incentive that the system generates. PPAs typically range from a period of 10-25 years during which the developer is responsible for the operation and the maintenance of the

system for the entire length of the agreement. Towards the end of the PPA contract term, a customer may choose to either extend the PPA or become the owner of the solar energy system.

Benefits of PPAs to Solar Customers

  • No or low upfront capital costs. The developer handles the upfront cost of sizing, procuring, and also the installation of the solar PV system. The host customer can adopt solar energy systems, and as soon as it becomes operational, they begin saving money.
  • Reduced energy costs.solar PPAs provide a fixed, predictable cost of electricity for the duration of the agreement. You can structure them in one of two ways. Under the fixed escalator plan, the price that the customer pays increases at a predetermined rate, typically ranging between 2% to 5% which is often lower than the projected utility price. On the other hand, the fixed price plan maintains a constant price throughout the term of the PPA allowing the customer to save more as the utility prices rise over time.
  • The developer is responsible for the performance of the system and its operating risk.

Solar Lease

With a solar lease, you do not have to pay the high upfront cost of the solar panel, the equipment, or its installation. Instead of having to pay for a solar system, you will have to pay a fixed monthly amount for the electricity that the solar panels generate at a discounted rate. It's always accessible and affordable. Solar leasing has become the most popular way of helping solar adopters mainly in the commercial segment.

Benefits of Solar Leasing

  • Gives you the same dependable power as solar ownership, but with the added benefit of a professionally manageable and maintainable system, regular monitoring, and solar production guarantee.
  • With a solar lease, you’ll be able to lock in not only reliable and predictable energy rates but also long-term savings and clean, renewable energy for 20 years.
  • A solar lease will include maintenance and repairs, system monitoring, insurance, and a roof penetration warranty.