How to Pay for Your Solar System

There are a number of ways to pay for your solar system, from cash to loans to leases and for commercial customers, power purchase agreements. For homeowners, paying cash for your system has the shortest return on investment. If you are interested in financing your system with a loan, Luminalt can work with our financing partner to arrange this, the Clean Energy Credit Union.

Luminalt does not offer leases. Leases involve a third-party owning the solar system. That third-party investor takes the tax credit. Unlike a homeowner, a third-party investor has to own the solar system for a number of years to be able to benefit from the tax credit. This means that if you sell your building within this period, the new owner must take over the lease agreement to preserve that tax credit for the investor.

If you live in the PG&E area, you can calculate your potential savings from solar.