How do solar battery financing options work?

Battery leases are another solar battery financing option that works like solar leases. You let a solar installer own and maintain your solar battery storage system at a monthly fee. It's a viable option if you're adding storage to an already leased solar system.

What are the different types of private loans for solar installations?

There are several types of private loans for solar installations. The first is a loan from a lender who specializes in solar finance (“solar-specific loan”), which is often offered with the panel installation contract and includes provisions unique to the solar industry.

What incentives are available for installing solar panels?

Your state, county, or city may also provide incentives for installing solar panels. For instance, in Austin, Texas, the utility company offers a $2,500 rebate for homeowners who adopt solar energy and complete a solar education course.

Can you finance solar panels without a down payment?

Fortunately, there are options for financing solar panels that make it possible to benefit from solar energy savings without paying the hefty upfront cost. Many of these also offer little to no down payment, allowing homeowners to make the switch even if they don't have a lump sum of savings to invest.