Solar Panel Finance Calculator

Solar leasing is another form of finance.

Solar panel finance calculator.

Compare ways to pay for your solar system including personal loans and home equity financing. Solar loans are a great solar panel financing option when you want to purchase a system but don t have the cash up front to buy. With a solar lease you are renting your system from a third party owner. Solar loans can fund your solar panels and installation.

But the similarity pretty much stops there. With a solar loan you can save 40 70 over the lifetime of your solar panels. After purchasing solar panels with a 20 year zero down solar loan their utility bill will be just 19 while their loan repayment will be 132 they re coming out a net 48 ahead. Many are 0 down loans and allow you to finance the total amount of your solar panel system.

A solar lease is similar to a solar loan in the sense that both are forms of residential solar financing with zero down solar financing options. For instance check out the diagram below generated by our solar panel calculator. It shows a utility bill customer who pays 199 month for electricity. The major difference between leasing and finance is that when you take out a lease you do not have ownership of your solar panels.

With many solar energy loans you can finance the entire cost of your system in exchange for a lifetime of savings on your energy bills.