Many considerations accompany choose to install solar energy on your house. But often the first question homeowners ask is, “Can I afford to switch to solar?”
The answer for most is yes. SunPower offers a variety of financing options available to meet your unique needs. While some homeowners are focused on adding long-term value to their home with their solar installation, others want to experience the benefits of solar power without the commitment to purchase. Here’s an overview of SunPower’s offerings to help you choose the right financial path for your solar installation.
Buy your power
Renting a solar system or participating in a Solar Power Purchase Agreement (PPA) with SunPower gives homeowners all the benefits of going solar without buying the system. A solar lease allows you to rent your solar system for a monthly payment, similar to renting a house or apartment. With a solar PPA, you agree to buy the electricity produced by a solar system installed in your home instead of paying to rent the system. SunPower owns and maintains the solar system with these two options.
Many homeowners start with little or no upfront cost and can begin to see savings soon after system installation and activation. You’ll also have peace of mind that you’re getting exceptional value from the solar system on your roof for the duration of your agreement with SunPower. low degradation rate and manufacturing warranty. If the solar system fails to perform as expected, SunPower will provide compensation for lost production as outlined in your lease agreement or PPA.
SunPower also understands that your circumstances may change in the future, and we’ve got you covered. If you decide you want to own your system, we are happy to work with you to calculate an early redemption amount or assess your options for making early payments. If you end up selling your home during the term of your lease/PPA, your SunPower contract is 100% transferable to qualified customers.
Buy your system
A solar loan from SunPower allows homeowners to borrow money to purchase their solar system. When you own a solar system, you’re in charge of maintaining it, but SunPower also makes it easy for you. Our Complete trust guarantee covers your entire solar system; 25 years for all work and solar equipment on the roof (panels, micro-inverters and racking), 10 years for everything off the roof (monitoring system and storage system).
SunPower Financing offers competitive interest rate loans as low as 0% for 10 year terms with no prepayment penalty. Similar to purchasing your electricity from SunPower, many qualified customers are eligible for $0 down payment options when purchasing their system. Flexible financing choices and terms are available to help you minimize total financing costs or lower your monthly payment.
How do I know which option is right for me?
SunPower and its extensive dealer network are here to help you find the best solution for your home and your budget. Our energy advisors will help you calculate how much you can save depending on the financing option you choose and your monthly electricity consumption. Once you have found your preferred solution, you can easily apply and start your solar journey.
Learn more about payment options with SunPower or set up a free virtual consultation to see how much you can save.
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