Solar Panel Financing Options

One of the major problems facing homeowners and businesses wishing to install and operate solar energy systems for their properties is the high upfront cost of purchasing a system. Solar panel manufacturers must plan, manufacture, install and maintain solar panels. In most areas federal, state, and local governments are willing to offer loans, tax credits and incentives to ease the burden of purchasing solar panels. A small number of banks and other financial institutions are willing to offer financing, in the form of home improvement loans for solar technology. Manufacturers and installers often offer financing for solar panels; alongside lease and power purchase agreements that can drastically reduce the cost of a solar system.

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