IMPORTANT: THERE IS NO ONE SIZE FITS ALL SOLAR PROGRAM. EVERYONE'S GOAL, FINANCIAL SCENARIO, TAX BRACKET, CREDIT RATING IS DIFFERENT AND MUST BE CAREFULLY DISCUSSED SO AS TO GENERATE A QUOTE THAT WILL MAXIMIZE YOUR SAVINGS AND RETURN ON INVESTMENT BY UTILIZING THE AVAILABLE FINANCE OPTIONS, LOCAL GOVERNMENT INCENTIVES AND FEDERAL TAX INCENTIVES. THIS SHOULD BE THE SOLAR SALES PERSONS ULTIMATE GOAL, AS IT IS FOR MYSELF AND OUR COMPANY IN GENERAL.
SIDE NOTE:
SOLAR ONLY BECOMES AFFORDABLE BY PROPERLY APPLYING ANY GOVERNMENT INCENTIVES AND UTILIZING THE PROPER FINANCE OPTIONS THAT BEST WORK FOR EACH INDIVIDUAL CUSTOMER, DUE TO CREDIT, INCOME, TAX INCENTIVES, AMOUNT OF ANNUAL AVERAGE POWER USED, IN ORDER MAXIMIZE THE HIGHEST R.O.I POSSIBLE.
Using our ZERO DOWN finance options coupled with our system pricing, you can save from 30% to 70% of your current monthly payment to your utility company.
Our zero down payment, green energy finance options are as follows:
Cash payment: ( cash payment options will allow a homeowner to take advantage of the federal renewable energy 30% tax credits and for business owners an additional 37% depreciation credits for commercial solar, normally this option carries the highest ROI. Please consult a tax advisor on if and how you can implement these incentives)
1. All cash
2. Cash payments can also be made by applying for a purchase loan through one of green bank options, for a credit line at a special green financing rate of a fixed 2.99% for a 12 yr puchase loan.
3. An unsecured loan through one of our green bank options with a 2.99% - 5.99% interest rate options
4. Green energy cash out refinance.. current rate is below 4%.. we are partnered with an excellent direct lender so, you are actually working directly with the lender underwriters when applying for this loan, not a broker. If you would like to apply for this loan, please contact us, we will take a quick application with some basic information in order to forward it to the underwriter. The lender will then contact you as soon as they we forward the short application.
5. YGRENE and HERO finance program is currently available in San Bernardino, RIverside and LA counties (NON CREDIT BASED FOR HOMEOWNERS WITH CREDIT ISSUES)
Other zero down payment options are as follows:
Lease option: lease option works best for people who do not have taxable income, in other words, you receive an end of yr tax refund rather than pay uncle sam when you file your taxes. This type of finncing is usually done through an investor type loan and the investor many times discounts the 30% tax credit to the homeowner, which is reflected in total sale price, which in turn lowers your monthly finance payments. Fico score must be upwards of 650..
Prepaid lease option: usually the lowest payments of all. We can achieve a prepaid lease by prepaying the annual guaranteed power you by combining either HERO with the solar mfr financing or our green bank financing and the mfr financing. Good way to go to achieve the lowest payments.. a little more complicated but, well worth the savings!!
PPA- Power Purchase Agreement- with your good credit, we will install your system, zero down, zero up front cost and lock in your rate, your production for the year is guaranteed and your payment will be adjusted up or down, depending if you surpass or under use your guaranteed amount. (A little better than a lease because a lease payment is fixed and doesn't adjust if you use less power than your guaranteed amount)
As you can see, you not only need an expert in solar system design but, an expert in financing, proper application of incentive and finance options in order to maximize your ROI and savings. That is why I we here at Solar Energy Connection, have proven we are well qualified and successful in project design, engineering cost/savings analysis and ultimately timely project completion. We believe in conducting business with the utmost of integrity always maintaining our customers best interest first and foremost. Through our services, you will receive a customized and savings analysis, tailored specifically to your financial goals. When we meet, we will offer and discuss all the best options available to maximize your savings. Click her to request a free savings consultation.