Solar Purchase Options

The purchase of solar is straight forward. A contract with the solar installer is entered into and payments are made in accordance with the contract.  If cash is not available (solar installations are most always on the very high pricing side) then financing is the next step. This is typically straight forward as well, however, obtaining financing has its own challenges. If these options do not work then leasing or a PPA may be an alternative approach. See the links on this site.

Cash or Financed Purchase

Residential solar is typically done with an outright purchase, sometimes with financing. The same for commercial solar, but financing is typically more readily available. The real issue is with nonprofit organizations, churches and HOAs. Some of these organizations are cash rich and have no issue with a cash transaction. But many are  financially sound but the cash outlay simply doesn’t work and financing is a challenge. My services help in obtaining such such financing as I have relationships with lenders who specialize with this. The solar tax credit and other tax benefits are available whether a cash or financed purchase. 

Solar Tax Credits

The bigger picture is that nonprofit organizations, churches and HOAs don’t qualify for the solar tax credits and other tax benefits such as depreciation. However, there are investors willing to assist in this area resulting in the sharing the solar tax credits. With tax credits at 30%, the shared amount is typically 15%. That’s a huge savings.  Quick numbers: solar installation of $600,000, the share of tax credits is $90,000, resulting in a net price of $509,000.