Are you looking to switch your Arizona home to solar power? We at Power Camel are excited to get you started on that journey. If you don’t have the resources to pay the upfront cost of a new residential solar panel system and its installation, we highly encourage you to consider financing. The installation of a solar panel system in your home is one of the best investments you can make in your household. Financing a solar array will provide you with a number of immediate benefits that you’ll find valuable for decades to come. Power Camel has specialized in providing homeowners all across Arizona with incredible solar panel services, including consultations, installations, maintenance, and purchasing options. We are one of the leading solar teams in Arizona and are eager to help more homeowners make the switch to a cleaner and more energy-efficient form of supplying their homes with power. If you’d like more details about purchasing a solar panel system for your Arizona home, contact us today.
Taking into account that the decision to upgrade one's home to be supported by solar power is not one to made whimsically, impulsively, or without forethought, it can be of true benefit to understand the drawbacks versus benefits when it comes to obtaining financing for said solar panel system in Arizona. In other words, there are many perks, plusses, occasional profits to be enjoyed when it relates to powering an AZ home by solar (photovoltaic) panels; however, without proper financing, there can be drawbacks as well. In light of this, we've broken down several of the key aspects that pertain to financing a solar system for residential properties in Arizona, as well as how they can be of benefit or detriment accordingly. Barring any immediate questions for our solar financing experts at Power Camel, please free to continue reading below about the pros/cons of obtaining solar financing in AZ.
A residential solar panel system can provide a number of benefits to the homeowner. It not only saves money but also helps protect the environment. Switching to solar power is a great investment for homeowners because it provides them with a cleaner, cheaper, and more reliable source of energy. Additionally, when you utilize the solar financing partners at Power Camel, you can avoid the hefty upfront cost of the new system (and its installation) and split it into multiple monthly costs that can still provide you with a large amount of savings each month. In this section, we’ll go over some of the distinct benefits of financing a residential solar panel system. Don’t hesitate to give us a call if you have any questions about solar financing or other solar purchasing options. We’ve specialized in residential solar in Arizona for many years and can provide all the information you may need.
Federal Tax CreditsThere are several tax incentives to owning a solar panel system. You are still eligible for these credits even if you are financing.
System OwnershipHomeowners who are financing their solar system are entitled to the same perks of ownership as those who purchase outright.
Monthly SavingsAlthough you pay a monthly price for the system, you’ll experience an immediate reduction in energy costs.
Minimal Upfront CostsAvoid paying the large sum of the initial purchase and installation by financing with our solar experts.
Cleaner EnergySolar power is a clean and eco-friendly alternative to traditional energy generation; such as coal, natural gas, or fossil fuels.
Though financing a residential solar system can be incredibly beneficial in most situations, there are some who may benefit more from other purchasing options such as leasing or buying outright. Although there are many advantages to financing residential solar systems, there are some disadvantages which we’ll go over shortly. If you are considering financing a residential solar system, don’t hesitate to reach out and contact our team of solar financing professionals to get you started. We are dedicated to improving the residential communities in Arizona through our skills and expertise in solar and strive to make solar-powered homes easily attainable through these purchasing options. Here are a few downsides to financing a residential solar panel system rather than paying the upfront cost in full.
Monthly CostAlthough you may be saving more than 90% on your monthly electric bill, you are still paying monthly for a system.
Relocating/MovingSelling your home with a financed system may be difficult if you are wanting the new home buyer to assume the loan obligation.
Potential RoI LossTypically, there are several loan periods you can choose from that give you a better ROI but purchasing outright provides the highest.
Energy Cost VS ConsumptionDepending on how much energy you consume each month, the cost of a financed system may be more than what your normal power bill may be.
Limiting FactorsBecause you are tied to a monthly loan obligation, you may have fewer resources to pay for services such as cleaning, maintenance, repairs, replacements, and upgrades.
Power Camel has proudly teamed up with Freedom Forever Finance in order to help you select a customizable payment plan for your Arizona home’s new solar panel system. The experts at Freedom Forever Finance have specialized in providing solar loan services for many years and are happy to get more homeowners across Arizona to switch to solar. Because we at Power Camel are passionate about giving homeowners an eco-friendly and cheaper alternative to traditional power production, we’ve taken the time to team up with a group that cares and looks forward to the future of solar-powered homes. If you decide to go through the route of financing your solar panel system, be sure to contact PPower Camel today, we’ll put you on course with Freedom Forever Finance so that you’ll have a range of comfortable and budget-friendly payment plans to choose from. If you would like more information about financing solar panels for your house or about Power Camel, don’t hesitate to pick up the phone and give us a call today. We are excited to be your friend in the residential solar business!
