Solar Financing Made Simple
Good Energy Solar offers three financing options to our customers. Choose the financing method that works for you and we’ll take care of the rest.
Payment Options
Loan
You own your solar system and over the term of your loan, you repay the loan on a monthly basis. Loan terms are currently offered for 10, 15, or 20 years. You keep the solar tax credit for which the energy system is eligible. You can pay off your loan any time without penalty. For many customers, the combination of the loan payment and the remaining utility bill is less than their previous electric bill.
| Loan | Purchase | Lease | |
|---|---|---|---|
| Down Payment | $0 | $1000 | $0 |
| Ownership | You | You | SunPower Capital |
| Tax Credit | Yes | Yes | N/A |
| Monthly Payments | Fixed (based on the term of the loan) | None | Fixed (12) monthly payments (annual 0% or 2% escalators available) |
| Roof & System Warranty | Yes | Yes | Yes |
| Payment Terms | 10, 15, or 20 years | N/A | 20 years |
Purchase Cash
The lowest cost option is to purchase the system outright and own the system and the energy from day 1. A home equity loan can also be used and may be tax-deductible. Over time, you energy system will pay for itself with savings on your utility bills.
| Loan | Purchase | Lease | |
|---|---|---|---|
| Down Payment | $0 | $1000 | $0 |
| Ownership | You | You | SunPower Capital |
| Tax Credit | Yes | Yes | N/A |
| Monthly Payments | Fixed (based on the term of the loan) | None | Fixed (12) monthly payments (annual 0% or 2% escalators available) |
| Roof & System Warranty | Yes | Yes | Yes |
| Payment Terms | 10, 15, or 20 years | N/A | 20 years |
Lease
SunPower Capital own the system on your roof and you pay a monthly amount to “rent” the system and use the energy you produce. System performance is guaranteed for 20 years and if something breaks we’ll fix it at no cost to you. If you sell your home, the lease can be assigned to the new homeowner. For many customers, their lease and remaining utility bill are lower than their previous energy bill.
| Loan | Purchase | Lease | |
|---|---|---|---|
| Down Payment | $0 | $1000 | $0 |
| Ownership | You | You | SunPower Capital |
| Tax Credit | Yes | Yes | N/A |
| Monthly Payments | Fixed (based on the term of the loan) | None | Fixed (12) monthly payments (annual 0% or 2% escalators available) |
| Roof & System Warranty | Yes | Yes | Yes |
| Payment Terms | 10, 15, or 20 years | N/A | 20 years |
