SOLAR PURCHASE OPTIONS

Poweraid offers a variety of solar purchase options. All solar options fall under two different purchasing categories, someone else owns it or you own it! All purchasing options have similar and additional advantages. Please review the options below and let us know how we can accommodate your needs.

YOU OWN IT

There are two options as a solar customer looking to own your solar system, finance or pay up front.

This is the most common form of purchasing a “YOU OWN IT” solar system. You are able to take an electric bill payment and often find a monthly payment that allows you to closely mirror your existing payment. You are now paying towards the asset of your solar system rather than to the utility company with no asset in hand. At the end of the unsecured finance term you will own outright the solar system and the electricity that it produces for the life of the solar system.

You pay for your solar system by refinancing your home or pulling from an existing equity line of credit. This can often be done at the purchase of a new home by purchasing your solar system and rolling it into the mortgage purchase of the home.

Yes, we accept that too!

SOMEONE ELSE OWNS IT

There are two options as a solar customer looking for creative ownership options. Common options are;

A PPA is a 20 year power agreement with you and our finance company. You are purchasing power for a 20 year term. You make monthly payments at or below your current electric rate. Our finance company helps buy down the cost because they are able to receive commercial incentives that you are not able to receive as a homeowner. A win-win all around! Great for customers who are looking to lower their monthly costs.

A Lease is a 20 year equipment rental agreement with you and our finance company. You are purchasing solar equipment for a 20 year term. You make monthly payments at or below your current electric rate. Our finance company helps buy down the cost because they are able to receive commercial incentives that you are not able to receive as a homeowner. A win-win all around! Great for customers who are looking to lower their monthly costs without any money out of pocket, and/or eliminate the maintenance and uncertainty costs of solar.

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