Financing Options

Solar Financing Options - A report on the current solar financing options available in Houston

Learn about Solar Financing Options in Houston

Incentives

DSIRE SOLAR (Database of State Incentives for Renewable Energy)

The U.S. Department of Energy maintains a database for all federal and state solar incentives. DSIRE also keeps up to date policy information.

HOW DO YOU WANT TO PAY???

Options	Pros	Cons
Cash	No loan payments or interest to pay Own the system from the start Likely to add value to your home and does not impede ability to sell home	Responsible for operation and maintenance, as well as repairs Unaffordable option for most, particularly without significant subsidies
Home Equity Loan	Likely to add value to your home and does not impede ability to sell home Can deduct interest from loan on federal taxes minimizing interest costs of loan	Responsible for operation and maintenance, as well as repairs Home is collateral for loan Do not own system until system is paid off
Solar Lease	Lowest hurdle for entry - zero to minimal upfront costs Maintenance and Operations, Repair, Insurance and performance monitoring are covered for lifetime of lease	Solar system may not add value to home since it is not a purchase Difficult to transfer lease if selling home May not realize renewable energy credit benefits or income tax credits over life of system

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