Solar Home Financing Methods
Given the economic benefits associated with solar power systems, the number of installations has increased dramatically over the last decade. The average price of a solar system has dropped by more than 50% since 2010 while energy prices have continued to increase. New technologies make the systems innovative, intelligent and outstanding investments.
You can either Own your system, or enter into a Lease or Power Purchase Agreement (PPA). The benefits of owning your system far outweigh the other options. When you purchase your system it increases your home’s value and you receive the 30% tax credit. A solar system will not only pay itself off in as little as 4 to 5 years, but will continue to make you money over its 30 – 40 year expected lifetime. If you are in a lease, you often pay 2 – 3 times more.
A dollar saved in the future isn’t worth as much as a dollar saved today. While you are taxed on stock market dividends, you are not taxed on the savings from your solar! Our customers average a Pre-Tax Compound Annual Rate of Return (IRR) over 25 years of between 25 – 35 %.
Credit Card Payment
Many Vasco customers will pay for their systems using their credit cards, where they will often enjoy the benefits of earning travel or rewards points.
Finance through our Credit Union partner! 0$ down. Low monthly fixed payments. 7, 12, 15 & 20- year terms. No escalator, and no lien on your property. No prepayment penalty. Free energy after loan term.
Keep your 30% federal tax credit, own your system free and clear, while increasing your home’s value.
Home Equity Lines of Credit (HELOC)
Interest rates are at historic lows, and you would most likely qualify for the home mortgage interest deduction. Customers pay the loans down at their own pace.
Property Assessed Clean Energy (PACE) Loan
This program allows property owners to finance solar power systems through property taxes without spending any money out-of-pocket and without a credit score requirement. Vasco Solar is an approved PACE contractor for the Home Energy Renovation Opportunity (HERO) program. HERO is available for homeowners in certain areas in the Inland Empire, Orange County and San Diego. Click here to see if your address is eligible. The interest may be tax deductible.
With any of the purchase options above, you receive the 30% Tax Credit.
The sooner your installation is complete, the sooner you will reduce your electric bill!