Illinois Solar Panel Lease

As with any other major financial commitment shopping around is the best way to ensure that the solar financing that you choose is the best option for you.

Illinois solar panel lease.

Lease illinois solar panels by making one upfront payment. This covers up to 25 years of low energy costs with no monthly bills and includes our sunrun guarantee. For illinois the average solar payback period is 9 31 years. Solar loan installing a solar pv system in illinois with a heloc is a great option because you will see positive cash flow right away after year one.

If you lease your solar panels you are not eligible for the federal tax credit or illinois shines incentive programs. Certasun focuses on third party ownership agreements with residential customers meaning the company builds and owns solar installations and customers pay them for the energy or to lease the solar panels. The solar strategy section is focused on the 3 ways of paying for solar in illinois so you can decide which is best for you. Another choice that solar shoppers have to face is how to pay for a solar panel system.

Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. We have two easy solar leasing options. With brightsave monthly you can go solar and save on your monthly electricity costs for as little as 0 down. You pay a fixed monthly payment to a solar installer but you do not own the solar panels.

Combined these two credits can help you pay off up to 60 of your installation cost within one year of your panels being connected to the grid. Solar lease contracts are usually for 20 to 25 years. Fortunately there are many financial options available to ensure the customer can afford installations. Illinois allows solar leasing where a third party installs and owns the pv system and you pay a monthly fee.

However solar leases and ppas are still 20 year contracts. In many cases this reduces the payback time to five to seven years. Leasing solar panels works similarly to leasing a car. Or you can opt for brightsave prepaid to lock in the best value sunrun has to offer.

Then we provide detailed analysis of how each works. Solar lease in illinois.