What financing options does Sunrun offer?

Sunrun offers several financing options to make solar energy systems more accessible for homeowners. Their primary options typically include purchasing the system outright, taking out a loan, or entering into a power purchase agreement or solar lease. When you choose to purchase the solar system outright, you make a single payment, which allows you to own the system entirely. This option offers the most savings over time, as you will benefit fully from the electricity generated by your solar panels without recurring payments. Additionally, you may be eligible for federal tax credits and local incentives, which can significantly reduce the overall cost. If purchasing the system is not feasible, Sunrun provides the option of a solar loan. This allows homeowners to finance the cost of the solar installation with manageable monthly payments. Once the loan is paid off, the homeowner owns the system outright and continues to benefit from the energy savings. Another popular option is the power purchase agreement (PPA) or solar lease. In this arrangement, homeowners do not own the system but instead pay a fixed rate for the electricity generated. This can be beneficial for those who prefer not to manage the installation and maintenance of the system. Homeowners typically enjoy lower energy rates compared to traditional utility costs. Each of these financing options is designed to cater to different customer needs and financial situations, making solar energy more accessible. It is important for potential customers to evaluate their own preferences and resources when considering these options. For the latest and most detailed information on Sunrun's financing options, visitors should explore the current web page.