Consider the Ways to Go Solar in Brentwood

Braden Gough

            Solar electric systems, also known as Photovoltaic (PV) systems, can seem expensive at first look.  For those interested in going solar in Brentwood, this is one of the first things they notice when researching the topic. Their next step is to search out options how to install the system. Many will choose to forego purchasing a system all together. It is important to realize purchasing a solar energy system is a major investment in your home and it is possible to get financing. Once homeowners realize financing is available, they see the prospect of purchasing a PV system as being accessible. They also realize that installing the system now will likely save them money in the future.

How to Purchase a PV System

            The quickest and easiest way to go solar in Brentwood is to purchase a system of solar panels outright but then you have to have them installed. By going through an installation company like Diablo Solar, the cost of the system includes delivery and installation of the solar panels on the home’s roof. Before long, the system will begin to produce power and homeowners will see reduced PG&E bills.

It is expensive to purchase a solar system all at once, but it is possible for some homeowners. For those who cannot, the federal government offers an incentive for homeowners who would like to purchase a solar energy system for their home. The incentive, 30% of the cost of the system, is added as a bottom line tax credit on your next federal tax return. Homeowners purchasing a $20,000 solar system, including materials and installation, can expect to receive a $6,000 tax credit that is not a tax deduction and your income does not affect your eligibility. If you owe money, rather than getting a tax refund, the money will be taken from the amount owed. Knowing you will receive the tax credit on the PV system can make the price of the system seem less taxing to your wallet.

Financing Options for a PV System

            Spending a large amount of money for a solar system may be stressful, and not possible, for most homeowners. Where could they obtain the funding needed for a large purchase? Most people turn to financial institutions and luckily there are financing options available because PV systems are becoming increasingly popular. Banks and solar installation companies may offer financing. If you are interested in going solar in Brentwood or one of the surrounding East Bay cities, look for an installer who has an established relationship with local bankers. They will help you go green and begin to produce your own electricity. Diablo Solar has been working with Provident Credit Union to provide no-collateral, 6.5% fixed-interest loans with approved credit. You may choose another option if you are able to obtain a home equity line of credit with lower interest or through your local bank with whom you have a relationship.

            No matter how you choose to purchase a solar energy system, financing it over years or a one-time purchase, the cost of the system is eligible for the 30% federal tax credit. Look for an installer who is able to work with various companies that offer incentives in order to get the best purchase price. You may find a financial institution that offers 0% interest, same-as-cash, and one-year loan for the tax credit amount. Homeowners are able to borrow a large portion of the total cost for the solar system and will not have to pay interest. When you receive the tax credit, pay the loan off and interest is not charged. Basically, you borrow the amount of the tax credit and pay it off so the money is never removed from your budget. It also makes it easier to finance the remaining portion of the system. For some homeowners, after financing in this manner, additional financing is not needed.

            Many home owners are able to obtain solar system with $0 money down option when they combine an installment loan with same-as-cash financing. You do not have to pay money up front. Diablo Solar will meet with you to design the right system for your home, and will install the system for free. You can expect your monthly loan payment to be less than your current PG&E payments, in effect you receive FREE SOLAR! Current PV systems come with a 25 year warranty on the solar modules (panels) and inverters. With the expected savings nearing tens of thousands of dollars for the life of the system, it really is a win-win choice.

            Perhaps you don’t have the money or self-assurance to make a one-time solar system purchase. Chances are you want to finance instead. In either case, now is the perfect time to get a solar energy system in the East Bay and Tri-Valley area. Diablo Solar has nearly 30 years of experience designing and installing solar system. We will provide a professionally installed PV system that will help reduce your current electrical bills. Use our zero-down financing option; buying a new solar energy system will be easy and cost-effective. It has never been easier to go solar in Brentwood, so don’t hesitate. Call us to schedule your free estimate today at (925) 313-0600 or if you prefer, send an email to us at info@diablosolar.com. We want to help you save money and a new solar system is the perfect way to do it!