Financing Affordable Solar| Flatiron Solar

​Financing Affordable Solar

Leasing
Leasing makes it easy with little or no money out of pocket. Just agree to lower your electric bill every month. Leasing arranges for a permanent discount on your electric bill for 25 years with little commitment. Easily end the lease at any time when you may be selling and moving away.

Purchasing
Investing in a solar electric or solar hot water system is smart. In less than ten years, the system will have paid for itself and then realize 15+ years of free electricity. The return on your investment is the highest with purchasing, better than most investment options in today’s market, usually greater than 5%. The risk is minimized by a couple of things; one being the system is insured for life through your home owners insurance policy, and the manufacturers warranty is a power production warranty for 25 years. The solar panels last more than 30 years producing less power every year by about 1%. Another factor is whether or not electric rates will increase; they have and will. And, your demand for electricity is constant, we all have to have it, why rent your electricity every month when you can buy. Invest the money up front to fix your cost of electricity for 25+ years.

New Construction and Refinancing
​One of the easiest ways to finance your solar system is to include the cost into your mortgage. It lumps together your electric bill and mortgage into one payment. The length of the loan is nearly equal to the life of the solar system.

Financing
Home equity line of credit, loans from a bank or credit union.

ClimateSmart or EnergySmart
Boulder County is pioneering the way for financing in the way of loans to homeowners wanting to increase their energy efficiency and save money.