Financing

At Certasun, we believe solar should be available to everyone with a desire to save money or protect the environment, so we have worked hard to provide financing options that work for people in a variety of circumstances.   Talk to us today about how these options can allow you to go solar with as little as zero down.  Some of the most popular options include:

Bridge Loans

Bridge loans are most popular with customers who want to manage the timing difference between installation and receipt of state and federal incentives.  Since solar incentives in Illinois can account for more than 60% of the cost of a system, this allows customers to go solar with considerably less up-front investment.  These loans have zero interest as long as you pay off the balance within the term specified by the loan.

Combination Loans

Combination loans combine a bridge loan with a traditional long-term loan.  Combination loans are great for customers who want to minimize up-front payments but still want to take advantage of the long-term economics of solar ownership.  The payments on these loans are often smaller than the savings on utility bills that result from going solar.  Plus, you are free to pay off your loan at any time with no penalty.  Once you pay off your loan, you essentially get free energy for the remaining life of your system.

Solar Leases

With a solar lease, you pay a financing company a predictable monthly payment in return for the right to use all the energy the solar system produces.  Solar leases are perfect for customers who are looking to save but prefer not to invest in their system.  They are also ideal for customers who don’t have a federal income tax liability and thus can’t take advantage of the federal tax credit for solar.  Solar leases most often have a term of 20 years, but some companies offer 25-year terms.  At the end of the term, you usually have an option to renew for another five or ten years.  If you don’t renew, the leasing company will remove your system.

Power Purchase Agreements

A power purchase agreement (called a “PPA” in the industry) is very similar to a solar lease.  The twist is that instead of making fixed payments, you make payments based on the amount of energy the system produces.  As a result, your payments will likely be higher in the summer and lower in the winter.  Still, a PPA is very similar to a lease and vice versa.

 

Certasun is not a lender or finance company and the financing options described here are provided by third parties.

 

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