Solar Panel Financing Florida

Compass solar energy is proud to offer financing for your northwest florida residential solar projects.

Solar panel financing florida.

If you have good credit we ll work out a deal with you so you don t have to put any money down upfront you ll just need to make a low monthly payment. The state of florida allows for localities to offer loans which are paid for through a property tax increase to your local government. For a 500 000 home solar panels will add a cool 21 500 in value. In addition to florida s state solar programs you ll be eligible for the federal solar tax credit if you buy your own home solar system outright.

In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase. Taking out a solar loan may seem daunting says massy. What is solar pace financing. Installing solar panels on your roof is not only a good way to save money on electricity costs but also to reduce your carbon footprint.

Use the energysage solar marketplace to review multiple equipment installer and financing options. Solar energy in florida can usually save system owners upwards of 80 000 over the 25 year warranted life of their solar system. To help our clients switch to solar we offer financing packages. In 2012 vert solar finance provided tax equity to fls energy to create the nation s then largest solar farm with more than 2 100 solar panels in st.

You re well on your way to joining 75 000 solar powered homes in florida. For those looking to purchase their solar panel system solar loans are a great financing option. It s called property assessed clean energy pace financing and it s a government backed loan program designed to help people who can t afford a large up front payment but who still want. Solar energy users can finance the entire cost of their system with the many solar energy loans that are available on the market.

Founded in 2007 we re here to make solar financing easy. Many different institutions offer solar loans including local and national banks specialty financing companies manufacturers and credit unions. Ready to join their. 8 that means if you purchase a 6 kilowatt system for 18 300 you ll pay.

We know that solar panels are a big investment but they re worth the money and the effort to get them installed. Thankfully you ve come to the right place. How to finance solar panels in florida. If you re a florida homeowner you should know about a kind of financing that can help homeowners install solar panels and make other kinds of energy efficiency improvements.

A study by zillow found solar panels on average add 4 1 to property s value. With all the options out there looking for solar panel financing in florida can feel overwhelming.