In theory, going solar is a no-brainer. The amount of gas saved and emissions reduced annually is tremendous. And the long term financial savings are also clear. However, the initial Solar cost can be more than most homeowners are able to afford (the average out-of-pocket cost after government rebates is about $15k). Paying for solar panels seems out of reach... But it's not! There are many options that include solar loans with low interest rates and solar leases with no money down.
In the past decade, local and national government policies have driven private companies and public policy to make solar panels more affordable for Average Joe. Enter: Solar Loans. Power Purchase Agreements, and Solar Leases.
Solar panel leases are offered through private companies such as Sungevity and Solar City. They allow homeowners to borrow solar systems. The homeowner is often not required to put any money down and then pays a set amount of money per month. This monthly rate is almost always equivalent to the current energy bill, so the homeowner does not see an increase in monthly cost-of-living expenses.... read more
