Own Your Power and the System That Produces It
Like most large purchases, buying outright means saving money in the long run by avoiding interest payments. Choosing to purchase and own your solar power system allows your savings on electricity to pay off your investment faster – typically in 5-8 years. At first glance, the cost of purchasing a system can be pretty daunting, but you can expect it to be whittled down quickly by solar rebates and tax credits. System owners receive that incentive money sooner and in full instead of having it built into a monthly payment.
The following table shows the approximate cost of an average solar electric system in California (5 kW) and how quickly the initial system cost falls. There are frequently additional rebates not included here.
|Gross system cost||$28,000|
|Average utility rebate||–$2,000|
|30% Federal Tax Credit||–$7,800|
|Net system cost||=||$18,200|
Why Own Your Solar Power System?
- Pay the lowest available electricity rates
- Get an expected internal rate of return (IRR) of 10-25% on your investment
- Receive rebate money sooner and all at once
- The average system pays for itself in 5-8 years and electricity is FREE after that
The up-front payment required to go solar with a system purchase can be drastically reduced – or even eliminated completely – by financing your system with our PowerSavings Plan™.