Financing

When dealing with solar PV installations, cost is a major concern. When trying to determine the material and labor costs, it may seem difficult to find the motivating factors in proceeding with solar. Going solar may seem like a daunting decision, but with several incentives available as well as the availability of financing, solar is within your grasp.

Incentives and Rebates

Here at SET-Solar, we are familiar with all of your local incentives and rebates. For California residents, there are programs by the California Solar Initiative which provides rebates to owners depending on system sizing and other design factors. There are several resources to find your local programs and these are available at the Database of State Incentives for Renewables & Efficiency. (http://www.dsireusa.org/) We will help you with each step of the way, and that includes providing you with necessary information for your paperwork. We're here for you. 

Your ROI

Once a system is installed it becomes an immediately productive investment, providing electricity and value to the property.  The internal ROI (Return On Investment) for a PV system is 10-20%, well above the expected return on any long term stock or other investment option.  When purchased out of pocket PV systems generally payback the cost of their installation and maintenance (through electrical savings) in 7-10 years, meaning the remaining operation in their 25+ year lifespan is effectively making you money.

Financing

However, with the proper financing, a system can easily cost the owner less per month than their existing electrical bill, making a system entirely cash positive during its use. With financing, a PV system can be a way to stabilize monthly energy bills (replacing the cost of electricity with loan payments) without having to worry about rising energy prices.