Financing your solar or wind project
Buy your home solar system outright
Owning a solar power system outright is a great option, whether you pay in full upfront or finance it yourself using a personal or home equity line of credit.
- No monthly solar payments.
- 24/7 monitoring and maintenance for a minimum of 10 years.
- If eligible, you can apply for federal and state solar energy tax rebates. Be sure to consult with a CPA ahead of time.
- Hassle-free process. You can even pay by credit card (and earn those points if your credit card has a rewards program).
Financing allows homeowners to own the solar system, and pay for it over time. We help you find the right lender through our network of partners, and the most competitive rate you qualify for.
- Like other loans, you make a monthly payment until the balance is paid off.
- Depending on the length of the loan and your energy usage, the total of your loan payment plus remaining power bill could be less in total than your previous electric bill.
- If eligible, you can also apply for federal and state solar energy tax rebates. Be sure to consult with a CPA ahead of time.
- 24/7 monitoring and maintenance included for a minimum of 10 years.
Many homeowners prefer to lease the solar equipment. Witch Well Energy can connect you with a lease provider who owns, installs, and maintains the system for you.
- You pay a minimal upfront cost and a monthly amount to the lease provider.
- For many homeowners, the total of your lease payment plus remaining power bill could be less in total than your previous electric bill, depending on your energy usage.
- System performance is guaranteed for 20 years. If something breaks, the lease provider will fix it. If your system produces less than we estimate, we’ll pay the difference.
- If you sell your home, Witch Well Energywill help transfer the lease to the new homeowner.
A solar Power Purchase Agreement (or PPA) is a contract to buy solar power based on a set rate for the electricity the solar system produces. Similar to a lease, with a Power Purchase Agreement a Sungevity finance partner owns, installs, and maintains the solar system on your roof. Unlike a lease, you pay for the solar power you produce.
- You pay for the electricity you produce at a set rate.
- You can protect yourself from the volatility of future utility rate changes.
- We handle all of the tax rebates for you and pass the savings to you by baking it into your rate.
- If you sell your home, Witch Well Energy will help transfer the PPA to the new homeowner.
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