New Jersey BySolar
973.784.4191 Renewable Energy Systems for Businesses & Residences

Financing a Solar Energy System with a 10 Year Loan

Because the majority of homeowners don't have the money readily available to purchase a solar system, several banks and financial institutions are now offering financing options for solar power that are tailored to meet their customers' needs. Although a monthly payment towards the balance of the solar electric system will be required, obtaining a loan will still yield a positive cash flow for the homeowner. How? Between the savings from your electric bill and income from the sale of SRECs, your monthly revenues will be greater than your monthly payments.

Financing a Solar Energy System (10 Yr. Loan) 5 kW 10 kW
Average monthly income $392 $785
Monthly loan payment $270 $540
Monthly income $122 $245