Explore various financing options available to make solar power more affordable for homeowners:
Solar Lease/PPA
Greeniverse provides and installs solar panels with a solar lease or PPA (power purchase agreement) i.e. customer has to pay only a fixed price for the solar electricity that the system generates. With such an option, customers can skip the upfront cost and lock in low prices of solar electricity for the next 20 years.
Loans and Mortgages
Another financial option available is to “take out a home equity loan” from their local back or “energy efficient mortgage” from the federal government. Agencies like “Fannie Mae” and the “U.S. Environmental Protection Agency” will provide you, home loans for Solar system through their Energy Star program.
PACE programs
Many states are now getting familiar with the benefits of solar energy and are thus establishing public solar financing programs known as Property Assessed Clean Energy programs. Under this program, the city loans the proprietor the cost of the system, and the homeowner has to pay the money back through higher property taxes.
