Thursday, April 24, 2014Register

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

NRG Residential Solar Solutions

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

Contact SolarEnergyQuestions for more information

Privacy StatementTerms Of UseCopyright 2013 HARC, All Rights Reserved

BorderBoxedBlueBoxedGrayBlueSmall width layoutMedium width layoutMaximum width layoutMaximum textMedium textSmall textBack Top!