Utility costs and average global temperatures are on the rise. Installing solar panels provides homeowners with lower utility bills, energy independence, higher home resale value, and the satisfaction of shrinking their carbon footprint. Bright Eye Solar makes residential solar power accessible and affordable for homeowners throughout Pennsylvania, New Jersey, and Maryland.
Speak to a residential solar specialist
Every home has unique energy needs and every homeowner has a unique budget. That’s why homeowners interested in saving money with clean energy have a variety of different financing options available to them. Bright Eye Solar works flexibly with each client to find energy solutions that are right for them.
Own your solar panels and equipment when you purchase your business’s solar energy system outright.
Also known as a PPA, this financing option offers the advantages of a fixed rate and no initial expense.
Leasing solar equipment is a low-commitment way to try solar energy before making the switch.
Cash purchasing solar panels is the residential solar financing method that offers you the most return on your investment. You own the equipment and the energy it produces. With an outright purchase, you’re able to take advantage of all available financial incentives and payment assistance programs. A good solar contractor will take responsibility for all the documents and paperwork required so that you receive all possible discounts and incentives.
Bright Eye Solar partners with finance companies to finance the entire cost of your system. Customers have 18 months to recieve the tax credit which will need to be paid back to the finance company to keep the payments the same. If the credit is not paid or is used for something other than solar, the payments will increase. This financing is transferrable if the home is sold. The new homeowner can sign documents to take over the payments that have already started. All the benefits of a lease but also the transferable power!
A more traditional option that is based on a loan such as a home equity loan for a lower interest rate. These loans are one of the most popular solar financing options because they enable you to immediately take advantage of the utility bill savings that residential solar offers without paying a large sum upfront. With a solar loan, you do not have to make any net payments; instead, your solar panels will make these payments for you.
UNSURE WHICH FINANCING OPTION IS RIGHT FOR YOU?SPEAK WITH AN EXPERT
At Bright Eye Solar, we believe that clean, renewable energy should be available to everyone. We work with all of our customers to determine their eligibility for residential solar financing assistance programs at the federal, state, and local levels. Our solar specialists will even guide you through the application process step-by-step.
The ITC grants homeowners who purchase solar panel systems a 30% tax credit. This means that when you file your taxes, you’ll receive 30% of the cost of your solar energy system back.
If your solar panels produce excess energy, you can earn net metering credits. Electricity companies will buy these credits back from you, effectively lowering your utility bill even further.
Explore the Bright Eye Solar blog to learn more about residential solar power.
Ready to learn more about switching to residential solar? Complete the form below to schedule a consultation with one of our solar energy specialists.