California Solar Financing

Most homeowners want to know, “how much do solar panels cost?” Just like other major home improvement projects, homeowners have a range of options to pay for the solar project. Whether you purchase a solar power system or use financing to pay, solar is a cheaper alternative to buying power from the utility for most homeowners.

PetersenDean offers a wide range of solar financing under the Freedom Flex Payment Plans. Our professional staff will discuss any of our payment plans to help you maximize your savings and return on investment. We believe that educated customers make the best decisions for long-term solar saving and overall value.

Solar Purchase

Purchasing a solar power system directly provides the best overall value and savings for a homeowner.

Most solar companies don’t want to talk about price. We put our base pricing right on our website.

Pay for a lifetime of power, one time, in today’s dollars, with no lease escalators or interest rates tacked on. Plus homeowners keep all solar incentives available with a purchase, including the 30% solar tax credit. Lock in the lowest cost of power with Solar4America ownership.

Solar Power Purchase vs Solar Lease graph

Solar4America: You Can Afford American-Made Solar.

PetersenDean continues to negotiate the best price on high-quality, American-made solar equipment. Check out the Solar4America Packages. Anyone can see the recommended system based on the state and current electricity bill.

Solar Loans

Loans and lines of credit are flexible and give homeowners more control of their interest rates and typically can be paid off at any time. PetersenDean’s Freedom Flex $0 Down Payment Plans provide a range of plans with flexible terms, no pre-payment penalties, and can be used to cover both roof and solar projects.

Qualify for a Freedom Flex Payment Plan:

  • Start your project for $0 down
  • Keep the 30% solar tax credit
  • No equity requirements or appraisals
  • Pay off your loan at any time, No pre-payment penalties

Anyone that can qualify for a $0 down solar lease can qualify for a Freedom Flex plan and own solar power. Our Staff with help analyze and compare payment options, compare quotes and leases, and figure out what option will give you the best overall savings and value.

Solar Leases and Power Purchase Agreements

Solar leases and PPAs have become the predominant financing option for homeowners to go solar in the past 7 years. For little or no money down, the solar equipment is installed on your roof. In exchange for the $0 down, homeowners forfeit the full tax credit and any other incentive to the lease company. A monthly payment is established with a 20 year solar lease contract. The solar lease agreements usually include an escalator factor that is applied to the monthly payment each year. So the monthly solar payments do increase year after year.

Over the years, more reports are surfacing about issues homeowners are experiencing with solar leases. Besides for losing the tax credit upfront, the escalating payments are causing homeowners to report that solar leases can end up costing homeowners 2-3 times more than if the system had simply been purchased. Before considering a solar lease, make sure to do your homework.

Property Assessed Clean Energy Loans (PACE)

PACE stands for Property Assessed Clean Energy. These loans allow homeowners to make energy efficiency improvements and install solar power through a tax assessment on the property. California Legislation Assembly Bill 811 (AB 811) established the mechanism for cities and counties to organize these programs.

PACE loans are fixed-rate, low-interest loans issued to qualifying homeowners who are current on their mortgage and taxes. Currently there are two regional based PACE programs in California, The Sonoma County Energy Independence Program (SCEIP) in Sonoma County California, and the HERO Program have been established throughout Southern California and are rapidly expanding.

If a PACE Program is available in your city or county, it will carry the following advantages:

  • A simple qualification process
  • A payments process that happens through your property taxes
  • No credit or equity requirements
  • Multiple projects can be accomplished in one loan
  • The loan stays with the property as an assessment and can be transferred upon sale of the home

We’ll Help You Find the Best Payment Option

Our goal is to deliver the best long-term value for our customers. Contact PetersenDean for a free solar power assessment for your home and we can find the right plan to meet your budget and savings goals. To request a free solar estimate, complete the Get Started Form above, or contact PetersenDean directly at 1-800-564-0362.