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.
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
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.