Solar Financing
SunRun pioneered affordable home solar financing, and with several thousand satisfied customers, we're still the best at it today.
A SunRun solar plan allows you to switch to solar easily and begin saving immediately with a lower electricity bill. SunRun will install a home solar power system on your roof for as low as $0 and you simply pay a low monthly bill for the electricity you produce.
SunRun will own and maintain the home solar power system for you, so you don't have to deal with the hassles of solar maintenance and repair. SunRun will also manage all the required paperwork, including filing for solar rebates and other incentives. This allows us to pass on savings to you immediately. In the solar industry, this type of plan is called a power purchase agreement (solar PPA) or solar lease.
Home solar power systems can be expensive. When purchasing solar, costs can be anywhere between $15,000 and $60,000 upfront. Even if you have the money or home equity, many find the financial returns greater with solar financing.
Other Solar Financing Options
You can take out a home equity loan from your local bank or an energy efficiency mortgage from the federal government to finance your own home solar power system. Fannie Mae and the U.S. Environmental Protection Agency also offers home loans for home solar power systems through its Energy Star program. Fannie Mae offers home loans for up to $15,000 with a 10-year term, and the EPA offers loans as long as they will exceed existing energy efficiency standards by at least 30%.
Some states are also establishing public solar financing programs, known as a Property Assessed Clean Energy (PACE) program. Under a PACE program, the city loans the homeowner the cost of the home solar power system and the homeowner pays the money back through increased property taxes, usually over 20 years.
SunRun is the nation’s leading home solar financing company, with several thousand home solar power systems financed at the best consumer rates. Make it easy on yourself, and call SunRun for a free solar consultation now.