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MASSACHUSETTS SIERRA CLUB
10 Milk Street, Ste 417, Boston, MA 02108-4600 Tel:(617) 423-5775

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Payment Options: What's Best?

There are at a number of different options available for homeowners. The staff at Sungevity can help you decide what's best for your fianancial needs. This is a brief overview of the different options.

1. Term Lease

This is the most popular option. You choose the term (5-year, 7-year, etc) based on your desired payments. This popular because many people set the payment equal to their current electric bill. Putting a significant down payment can lower your monthly bills even more! And at the end of the lease term, you have the option to buy the system.

2. Prepaid Lease

This is popular and is a wise financial decision if you have the resources to pay for the net installation cost up front. It offers a significant savings over the term lease, yet places the burden of paperwork, rebates, tax credits, and SRECs on Sungevity. And you also have the option to buy the system at the end of the lease term.

3. Outright Purchase

Those people who wish to handle the rebates, tax credits, SRECs, and maintenance agreements themselves, and who have the ability to pay for or borrow the full (gross) expense, will maximize their savings by purchasing the equipment outright. While not for everyone, this option will yield the greatest savings. Another advantage is that with option, since you'll own the equipment, you'll be able to claim the depreciation. You may be able to finance this with a short term bank loan, which can be paid down by your tax credits, SRECs and electricity cost savings

You Don't Need to Wait...

You don't need to make this decision before you contact Sungevity. They'll help you review your options, costs, and provide information that will help you decide. Click here to get your no-obligation quote for each of the above options.

See Also

Sierra Club Sungevity Program - click for your free quote!

Can Massachusetts Become Coal Free? Yes, and Residential Solar Photovoltaic Systems can do the Job!

Solar Glossary

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