DOES SOLAR MAKE SENSE FOR YOU?

Written By Tyler Luquet

This is actually really simple: Are you a property owner? Is there space to put the panels on the roof, on the ground, or shade structure?

If the answer to both of those questions is “Yes” then solar certainly makes sense. If the roof needs repair or the electrical setup needs an upgrade then solar makes even more sense because the 30% tax credit can potentially apply to those costs, too! Even if you don’t qualify for the tax credit, you can still benefit from it with leasing.

So the question you should really be asking is “Which solar route makes the

most sense for my specific situation?”

Your Solar Options

There are so many ways to go solar that it can be hard to figure out which way is the best way to go for you. I’ll make it super simple for you. There are four primary ways to go solar and depend on two things: OWNERSHIP and FINANCING.

  • Ownership can be done in two ways:

    • (1) the property owner

    • (2) a third-party (Power Purchase Agreement or lease).

  • Financing also differs in two ways

    • (1) saving money now (no upfront cost)

    • (2) saving money later (upfront investment).

Each of the ownership options offer each of the financing routes which totals to four general solar option categories.

Home-owned:

(a) Finance (solar loan, HELOC, credit card, etc.)

(b) CASH

Third-Party Owned:

(c) PPA, Lease

(d) Prepaid-Lease

—————————————————————-

Save Later (full upfront investment): (b) and (d)

Save Now ($0 upfront): (a) and (c)

Hopefully that clarifies things a bit but there’s still more to unpack. The next question of course is: which solar option is best for me?

Tyler Luquet
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WHICH SOLAR OPTION IS BEST FOR ME?