Benefits of Purchasing with Cash
When you purchase your system with cash, you own your system from day one. Owning the system allows you to take advantage of government incentives. The main government incentive is the Federal tax credit that gives you a credit of up to 22% of the system cost on your income taxes.
Commercial solar systems could also be eligible for federal and state depreciation. Furthermore, if Renewable Energy Credits (RECs) become active in California, the owner of the system gets the RECs. These can be thousands to tens of thousands of dollars per year — for the life of the system.
Many customers are choosing to finance their solar system through loans from their banks and credit unions. Owning your San Francisco Bay Area residential solar system allows you to take advantage of government benefits as well as tax deductible interest. Often when you pay for your solar system with a Home Equity Line of Credit, your monthly savings on your utility bill are far greater than your monthly finance fees, making your system cash flow positive from day one! Let us show you how this works.
Questions about installing a solar panel system in the San Francisco Bay Area? Call (650) 817-7791 today to get more insight on our costs and financing.