Solar Financing

Solar financing makes it easier to pay for a solar panel and/or solar battery installation at your California home or business. Premo Solar offers excellent financing options through Mosaic, CED Green Tech, and Enerbank, allowing you to own your solar system and take advantage of incentives like the federal solar tax credit without having to pay for the installation upfront. 

Looking for an experienced solar company in Monterey, Salinas, and Santa Cruz CA that offers financing? Contact Premo Solar today! 

Buying vs. Financing Solar Panels

Buying Your Solar Panels

When you pay cash for your solar panel purchase, you get the highest return on investment. As the owner of your solar system, you’ll be eligible to receive all federal and state solar incentives that your project qualifies for without any of the fees or interest payments associated with solar loans. 

Financing Your Solar Panels 

The upfront cost of a home solar installation is a hurdle for many homeowners. Financing is a great solution that allows you to own your solar system and receive all eligible incentives without having to cover the entire installation cost at once. 

		Cash		Solar Loan
Own Your System		✔		✔
Receive Tax Credits		✔		✔
Receive Incentives		✔		✔
Down Payment		No down payment		$0
Monthly Payments		No monthly payment		Fixed monthly payments after one year
Payment Terms		90% at installation 10% at system start up		$0 at signing  $0 at installation $0 at system start up
Term Length		N/A		Varies
Workmanship Warranty		10 years		10 years
Equipment Warranty		Up to 25 years (dependent upon equipment used)		Up to 25 years (dependent upon equipment used)

Solar Financing FAQs

If you’re confused about your solar financing options, you’re not alone! Almost all homeowners have questions when financing a solar purchase. Premo Solar is here to guide you through the process and help you make the best decision for your home or business. Take a look at our solar financing FAQs and give Premo Solar a call if you have any additional questions. Premo Solar is here to help!

What are my solar financing options?  

Premo Solar offers zero-down financing with fixed monthly payments and low interest rates through Mosaic, CED Green Tech, and Enerbank. To learn more about the specific solar financing options available to you, contact Premo Solar today.

What solar energy rebates and incentives are available?

There are several residential solar incentives available in California, including:  

• The Investment Tax Credit (ITC)
• Net Energy Metering 
• Solar Energy System Property Tax Exclusion
• Self-Generation Incentive Program

With solar financing in California, you are the owner of the solar power system. This means you still qualify for solar incentives with a solar loan. 

How do I choose the best solar loan?

When choosing a solar loan, you’ll want to evaluate the different options available—taking into consideration the lender, down payment, interest rate, payment terms, and term length. As an experienced solar installer near you in CA, Premo Solar will be able to help you compare options and choose the solar loan that’s right for you. 

How can I get a quick estimate of my solar savings?

Before you take out a solar loan, it’s a good idea to find out how much you’ll save with solar panels and how quickly you’ll be able to pay back the loan. Premo Solar can calculate how much you’re likely to save with solar panels by evaluating your monthly electricity bills. Call us today to get a solar savings estimate.

Go solar with zero dollars down! Call Premo Solar 831-901-3352 or contact us online to learn more about solar financing in California.