RESIDENTIAL SOLAR FINANCING - BRIGHT EYE SOLAR

ENJOY POWERING YOUR HOME WITH CLEAN ENERGY WHEN YOU INVEST IN RESIDENTIAL SOLAR

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.

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EXPLORE YOU SOLAR FINANCING OPTIONS

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.

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SOLAR PURCHASE

Own your solar panels and equipment when you purchase your business’s solar energy system outright.

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HYBRID FINANCING

Also known as a PPA, this financing option offers the advantages of a fixed rate and no initial expense.

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SOLAR PURCHASE

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.
SOLAR PURCHASE
Bright Eye Solar partners with finance companies to finance the entire cost of your system. Customers have 18 months to receive 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!
HYBRID FINANCING
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.
SOLAR LOAN
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UNSURE WHICH FINANCING OPTION IS RIGHT FOR YOU?

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UNLOCK THESE BENEFITS WHEN YOU TAKE ADVANTAGE OF YOUR RESIDENTIAL SOLAR FINANCING OPTIONS

  • Turnkey solar design and installation
  • Freedom from rising energy costs
  • Power production guarantees
  • System insurance and warranty options
  • A smaller carbon footprint
  • Transparent, consistent monthly expenses
  • Utility cost savings

REVIEW AVAILABLE TAX INCENTIVES AND PAYMENT ASSISTANCE PROGRAMS

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.

FEDERAL INVESTMENT TAX CREDIT

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.

RENEWABLE ENERGY PRODUCTION CREDITS

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.

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RESIDENTIAL SOLAR RESOURCES & INFORMATION

Explore the Bright Eye Solar blog to learn more about residential solar power.

A Guide to Solar Panel Incentive Programs for Homeowners

A Guide to Solar Panel Incentive Programs for Homeowners

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July 5, 2022
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Solar Resources
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If you’re a homeowner who’s interested in installing solar panels, find a solar panel incentive that can help with financing your solar installation.

The Types of Solar Panels Explained

The Types of Solar Panels Explained

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May 10, 2022
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Solar Resources
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A breakdown and explanation of the four different types of solar panels that are available for homeowners interested in sustainable energy.

The pros and cons of switching to solar

The Pros and Cons of Switching to Solar

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April 12, 2022
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Solar Resources
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If you’re thinking about installing solar panels in your home and switching to solar power, you may be wondering what the pros …

Speak With a Residential Solar Specialist

Ready to learn more about switching to residential solar? Complete the form below to schedule a consultation with one of our solar energy specialists.