Home Solar

We simplify solar by doing the work for you, designing systems, vetting top installers, and securing the best bids for your home or business.

Home Solar

Solar Financing

Switching to solar power with Simple Solar Assist is as easy as 1-2-3. We’ve simplified the process to help homeowners and businesses find the best solar solutions without stress, pushy salespeople, or endless research. Here’s how we make solar simple for you:

  1. Home
  3. Financing
Cash Purchase
Solar Loan
Solar Lease
Solar PPA

Why Trust Simple Solar Assist?

Choosing the right partner forSimple Solar Assist your solar journey is crucial, and at Simple Solar Assist, we’ve built our reputation on trust, expertise, and customer-centric solutions. Here’s why homeowners and businesses rely on us:

  1. Industry Expertise You Can Count On
    With years of hands-on experience in the solar industry, we know all the tricks and tactics companies use to sell solar panels. This insider knowledge allows us to guide you around potential pitfalls, ensuring you make informed, confident decisions.

  2. We Do All the Work for You
    From researching and vetting trusted local installers to designing tailored solar systems, we handle every step of the process. Our service eliminates the hassle of dealing with pushy salespeople and ensures your time is never wasted shopping for solar panels.

  3. Pre-Screened, Reliable Installers
    Every installer we recommend is carefully screened for licensing, experience, material quality, and customer satisfaction. We continuously monitor our partners to ensure they meet the highest standards of service.

  4. 3 Ready-to-Sign Quotes
    We simplify the decision-making process by providing 3 competitive, ready-to-sign quotes from trusted local installers. There are no sales gimmicks, just clear options designed to meet your energy needs and budget.

  5. Transparent and Customer-Focused
    Our goal is to empower you with a stress-free solar journey. We prioritize transparency at every step, ensuring you understand all aspects of your solar system, pricing, and installation.

  6. A Proven Niche in the Industry
    We’re not just another solar company—we’re transforming how customers shop for solar. By eliminating the guesswork and heavy lifting, we save you time, money, and frustration, giving you a seamless path to clean energy.

When you choose Simple Solar Assist, you’re choosing a partner committed to making your transition to solar effortless, reliable, and beneficial. Trust us to guide you on the journey to clean, renewable energy.

Your solar journey, simplified and stress-free.

Solar Financing Options

Ready to Go Solar? Find the Perfect Financing Option!

Switching to solar is a smart way to save money and help the environment, but choosing the right financing option is key.

Switching to solar energy is a smart investment that can significantly reduce your energy bills and carbon footprint. However, the key to making the transition seamless lies in choosing the right financing option. With a variety of choices available, it’s important to find a solution that fits your financial goals and energy needs.

Whether you’re looking to minimize upfront costs, enjoy immediate savings, or maximize long-term benefits, there’s a solar financing option designed for you. From PACE financing and Power Purchase Agreements (PPAs) to solar leases and loans, each option offers unique advantages to make solar accessible to homeowners and businesses alike.

Our guide breaks down these options in detail, helping you understand their benefits and drawbacks. Whether you’re ready to own your system outright or prefer a low-cost entry point with no maintenance responsibilities, we’ll help you find the perfect path to clean, renewable energy.

Solar panels were once a luxury for eco-conscious homeowners ready to invest heavily in green energy. Today, they’re a common sight on millions of rooftops across the U.S. Why the surge in popularity? Simple: they’re great for the environment and your wallet.

Over the last decade, the cost of solar has dropped dramatically, while electricity rates have soared. Plus, most homeowners can take advantage of generous incentives like the federal tax credit, making solar an easy and smart choice.

Solar isn’t just for the select few anymore—it’s mainstream. Let us help you determine if it’s the perfect fit for your home.

Discover the cost of solar panels in your area for 2025! No Sales People No Pressure No Risk

100% Free | 100% Online | We will do all the work for you! | We will negotiate best best-priced solar system for you!

Electricity Spending Projections
With Historical 4.5% Annual Increase

In the next 30 years.

Monthly Bill ($) 10 Year Cost ($) 15 Year Cost ($) 20 Year Cost ($) 25 Year Cost ($) 30 Year Cost ($)
$50
$7,372.93
$12,470.43
$18,822.85
$26,739.13
$36,604.24
$100
$14,745.85
$24,940.87
$37,645.71
$53,478.25
$73,208.48
$150
$22,118.78
$37,411.30
$56,468.56
$80,217.38
$109,812.73
$200
$29,491.70
$49,881.73
$75,291.41
$106,956.50
$146,416.97
$250
$36,864.63
$62,352.16
$94,114.27
$133,695.63
$183,021.21
$300
$44,237.55
$74,822.60
$112,937.12
$160,434.76
$219,625.45
$350
$51,610.48
$87,293.03
$131,759.98
$187,173.88
$256,229.69
$400
$58,983.40
$99,763.46
$150,582.83
$213,913.01
$292,833.93
$450
$66,356.33
$112,233.89
$169,405.68
$240,652.13
$329,438.18
$500
$73,729.26
$124,704.33
$188,228.54
$267,391.26
$366,042.42

Solar Financing Options: Find the Right Fit for Your Budget

Switching to solar power is a smart investment, but the upfront cost can be a hurdle for many. Thankfully, there are flexible financing options to make solar more affordable. Here’s a quick guide to the most popular solar financing methods:

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A cash purchase means you pay the full cost of your solar system upfront, covering all expenses for equipment, installation, and setup. Once installed, the system is fully yours—there’s no loan to repay or monthly lease fees.

Maximum Savings

  • By eliminating financing costs, a cash purchase allows you to maximize your savings over the lifetime of the system.
  • The average homeowner saves tens of thousands of dollars over 25–30 years with a cash-purchased system.

Immediate Ownership

  • You own the system outright from day one, which means you’ll reap all the financial benefits, including tax credits and local rebates.
  • Ownership also increases your property value. Homes with solar systems often sell faster and at higher prices.

No Interest or Fees

  • Unlike loans or leases, a cash purchase doesn’t involve paying interest or extra fees. You pay only for the system and installation.

Tax Incentives and Rebates

  • Cash buyers are eligible for the federal solar tax credit, which covers 30% of the system cost (as of 2025). Many states and municipalities also offer additional rebates and incentives

Hassle-Free Process

  • No loan approvals, credit checks, or monthly payments. You pay once and enjoy decades of clean energy.

Energy Independence

Once installed, your solar system produces free energy from the sun, reducing or even eliminating your electricity bill.

Upfront Cost

  • Solar systems typically cost between $15,000 and $30,000 for an average home (before incentives).
  • This option requires you to have enough savings or access to funds.

Long-Term Investment

  • While the upfront cost may be high, the system pays for itself over time through energy savings, usually within 5–10 years.
  • Solar panels have a lifespan of 25–30 years, so the majority of their life is pure savings.

Maintenance Costs

  • Although maintenance is minimal, cash buyers are responsible for any repairs or upgrades, such as inverter replacement.

A cash purchase is ideal if:

  • You have savings available to cover the cost.
  • You want the highest ROI and long-term savings.
  • You prefer to avoid loans and interest payments.
  • You’re planning to stay in your home for at least 5–10 years to recoup the cost through savings.

Evaluate Your Energy Needs

  • Work with a Simple Solar Assist to determine the right system size for your home and energy consumption.

Request Quotes

  • Simple Solar Assist will provide you with quotes from reputable installers to compare costs, warranties, and equipment options.

Claim Incentives

  • After installation, apply for the federal tax credit and any local incentives to reduce your total cost.

Enjoy Long-Term Savings

  • Watch your electricity bills shrink while benefiting from clean, renewable energy.

Real-World Example

Let’s say you purchase a solar system for $20,000. After applying the 30% federal tax credit, your net cost is $14,000. If your current electricity bill is $200 per month and you save 90% of that with solar, your annual savings would be $2,160. The system would pay for itself in less than 7 years, with over 20 years of free energy savings thereafter.

A cash purchase offers unparalleled long-term financial and environmental benefits. If you’re in a position to invest upfront, it’s the smartest way to maximize savings, boost your home value, and achieve energy independence.

💡 Ready to go solar? Start by getting a customized quote today and see how much you can save with a cash purchase!

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A solar loan is a financing option that allows homeowners to borrow money for a solar installation and repay it over time with interest. Similar to a car or home loan, solar loans let you enjoy the benefits of ownership immediately while spreading payments across manageable terms.

Low Upfront Costs

  • With a solar loan, you can install a solar system without paying the full cost upfront. This makes solar accessible to more homeowners.

Ownership Benefits

  • Unlike leases or Power Purchase Agreements (PPAs), you own the system with a loan. Ownership qualifies you for:
  • Federal tax credits (30%).
  • State and local rebates or incentives.
  • Increased home value.

Flexible Terms

  • Solar loans typically offer terms ranging from 5 to 20 years. You can choose a repayment plan that fits your budget.

Energy Bill Savings

  • Many homeowners save more on electricity than their loan payments, resulting in immediate monthly savings.

Low Interest Rates

  • Solar loans often come with competitive interest rates, especially if they’re secured loans or part of government-backed programs.

Secured Loans

  • What it is: Backed by collateral, usually your home (similar to a HELOC).
  • Pros: Lower interest rates and longer repayment terms.
  • Cons: Risk of losing the collateral if you fail to repay.

Unsecured Loans

  • What it is: No collateral required; approval depends on your credit score and financial history.
  • Pros: Quick approval and no risk to your property.
  • Cons: Higher interest rates and shorter terms than secured loans.

Specialized Solar Loans

  • What it is: Loans designed specifically for solar systems, often offered by solar providers or green financing companies.
  • Pros: Tailored for solar, with incentives and flexible terms.
  • Cons: May require specific installer partnerships.

PACE Loans

  • What it is: Government-backed loans repaid through property taxes.
  • Pros: Long repayment terms and no upfront costs.
  • Cons: Limited availability and potential challenges if selling your home.

Application Process

  • Choose a loan type and lender (banks, credit unions, solar companies).
  • Submit financial details and project information.

Approval and Funding

  • Once approved, funds are disbursed directly to you or your installer to cover system costs.

Repayment

  • Make monthly payments over the agreed term. Payments often align with or are lower than pre-solar electricity bills.
  • Loan Interest: Compare rates to ensure you’re getting the best deal.
  • Credit Requirements: Good credit improves your chance of approval and better terms.
  • Payoff Time: Factor in system ROI; most loans are paid off within 5–10 years, while systems last 25+ years.

Scenario: A homeowner installs a $20,000 solar system using a 10-year solar loan with a 4% interest rate.

  • Monthly Payment: ~$202
  • Electricity Bill Savings: $150/month
  • Net Monthly Cost: $52/month (until loan is paid off).
  • Post-Loan Savings: ~$150/month for the remaining 15+ years of the system’s life.

A solar loan is ideal if:

  • You want to own the system but prefer low upfront costs.
  • You qualify for tax credits and incentives.
  • Your loan payment is offset by electricity savings.
  • Assess Your Financial Situation
  • Determine your budget and credit standing.
    Compare Loan Options
  • Shop around for the best rates and terms.
    Work with a Solar Provider
  • Many solar companies offer financing or partner with lenders to simplify the process.

Solar loans make clean energy accessible to more homeowners, allowing you to benefit from reduced electricity bills and increased home value without a large upfront investment. With flexible terms and the ability to take advantage of tax credits, a solar loan can be the perfect bridge to a greener, more cost-efficient future.

💡 Ready to explore your options? Start with our Solar Price Calculator today to learn more about financing your solar journey! 🌞

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A solar lease is an agreement where a solar provider installs, owns, and maintains a solar system on your property. In return, you pay a fixed monthly fee to use the electricity the system generates. Think of it as renting the solar system, similar to leasing a car.

System Installation

  • The solar company installs a solar system on your property at no upfront cost.
  • The provider retains ownership of the system.

Monthly Payments

  • You pay a predetermined monthly lease fee, typically lower than your current electricity bill.

Maintenance and Repairs

  • The solar provider is responsible for all maintenance, repairs, and monitoring.

Energy Savings

  • The electricity generated by the system offsets your utility bill, leading to immediate savings.

No Upfront Costs

  • Solar leases eliminate the need for a large initial investment, making solar accessible to more homeowners.

Immediate Savings

  • Monthly lease payments are often less than your previous electricity bill, leading to net savings from day one.

Hassle-Free Maintenance

  • The solar provider handles all system maintenance and repairs, ensuring optimal performance without additional costs or effort.

Fixed Monthly Costs

  • Predictable monthly payments make budgeting easier.

Environmental Impact

  • By leasing solar, you contribute to a greener planet by reducing your reliance on fossil fuels.

No Ownership

Since you don’t own the system, you’re not eligible for federal tax credits or incentives. These benefits go to the solar provider.

Long-Term Costs

Over the lease term (typically 20–25 years), you may pay more in lease payments than you would for outright ownership.

Property Sale Complications

If you sell your home, the lease agreement must be transferred to the new owner, which could deter potential buyers.

Limited Savings Potential

Savings are based on your monthly lease fee, which may not increase at the same rate as electricity prices, potentially reducing the financial benefit over time.

A solar lease is ideal for:

  • Homeowners who can’t afford the upfront cost of solar installation.
  • Those who prefer a hands-off approach to maintenance and repairs.
  • Individuals looking for immediate savings without taking on the responsibility of ownership.

Comparing Solar Leases to Other Options

FeatureSolar LeaseSolar LoanCash Purchase
Upfront CostNoneLowHigh
OwnershipSolar providerHomeownerHomeowner
Eligibility for Tax CreditsNoYesYes
Maintenance ResponsibilitySolar providerHomeownerHomeowner
Savings PotentialModerateHighHighest

Scenario: A homeowner with a $200 monthly electricity bill signs a solar lease for $150 per month.

  • Immediate Savings: $50/month or $600/year.
  • No Upfront Costs: The provider installs and maintains the system at no cost to the homeowner.
  • Total Savings Over 20 Years: ~$12,000 (assuming stable utility rates).
  • Length of Lease: Solar leases are typically long-term (20–25 years). Ensure the terms align with your plans for the property.
  • Escalation Clauses: Some leases include annual payment increases. Understand how this may impact long-term savings.
  • Energy Production Guarantees: Look for leases that guarantee a minimum level of energy production to ensure savings.

A solar lease is a fantastic option for homeowners who want to enjoy the benefits of solar power without the upfront investment or maintenance responsibilities. While it doesn’t offer the financial perks of ownership, the convenience and accessibility make it a great choice for many.

Interested in going solar with a lease? Start with our solar system price calculator to explore your options and start saving! 

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A Solar Power Purchase Agreement is a contract between a homeowner or business and a solar provider. The provider installs, owns, and maintains the solar panels on your property, and you agree to pay for the electricity the system generates.

System Installation

  • The solar provider installs and owns the system on your property at no cost to you.

Electricity Purchase

  • You buy the electricity produced by the solar panels at a predetermined rate, often lower than your current utility rates.

Maintenance and Monitoring

  • The provider takes full responsibility for system maintenance, repairs, and monitoring.

Energy Savings

  • The fixed rate shields you from rising utility rates, leading to predictable and often lower energy costs.

No Upfront Costs

  • A PPA eliminates the need for an initial investment, making solar accessible to more people.

Lower Energy Bills

  • PPA rates are typically lower than standard utility rates, leading to immediate savings.

No Maintenance Costs

  • The provider handles all maintenance, ensuring the system operates efficiently without extra expenses for you.

Predictable Rates

  • PPA agreements often include fixed rates or modest annual increases, helping you budget your energy expenses more effectively.

Environmental Benefits

  • Enjoy the benefits of clean, renewable energy and reduce your carbon footprint without the commitment of ownership.

No Ownership Benefits

  • You don’t own the system, so you’re not eligible for tax credits, rebates, or other incentives.

Long-Term Commitment

  • PPAs typically last 20–25 years. While this provides stability, it may complicate selling your home if the new owner doesn’t want to assume the agreement.

Limited Savings Potential

  • While you save on electricity, ownership often offers greater financial benefits over the long term.

Rate Escalation

  • Some PPAs include annual price increases, which could reduce savings if utility rates don’t rise as expected.

A Solar PPA is ideal for:

  • Homeowners or businesses unable to afford upfront solar installation costs.
  • Individuals who prefer not to deal with system ownership, maintenance, or repairs.
  • Those looking for immediate energy savings with predictable rates.

 

Comparing Solar PPA to Other Options

FeatureSolar PPASolar LeaseSolar LoanCash Purchase
Upfront CostNoneNoneLowHigh
OwnershipSolar providerSolar providerHomeownerHomeowner
Eligibility for Tax CreditsNoNoYesYes
Maintenance ResponsibilitySolar providerSolar providerHomeownerHomeowner
Savings PotentialModerateModerateHighHighest

Scenario: A homeowner with a $200 monthly electricity bill signs a PPA with a fixed rate of $0.12/kWh (vs. $0.15/kWh utility rate).

  • Immediate Savings: ~$40/month or $480/year.
  • No Upfront Cost: The provider installs and maintains the system for free.
  • Total Savings Over 20 Years: ~$9,600 (assuming stable utility rates).

Escalation Clause

  • Review the contract for annual rate increases and ensure they align with your expectations for utility rate trends.

Energy Production Guarantee

  • Many PPAs guarantee a minimum energy output. Verify this in the agreement to protect your savings.

Contract Transfer

  • If you sell your home, ensure the PPA can be easily transferred to the new owner.

A Solar Power Purchase Agreement is an excellent option for those looking to save on energy costs without the financial or maintenance responsibilities of ownership. While it doesn’t provide the full financial benefits of owning a system, it offers a low-risk, low-cost way to enjoy clean, renewable energy.

Interested in going solar with a PPA? Start with our solar system price calculator to explore your options and start saving!

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PACE financing is a government-backed program that helps property owners finance energy-efficient improvements, including solar panel installations. The loan is tied to the property, not the owner, and is repaid as a part of the property tax bill over an agreed period (typically 10–20 years).

PACE Financing

Application and Approval

  • Property owners apply for PACE financing through a participating provider. Approval is often based on property equity rather than personal credit scores.

Project Installation

  • Once approved, the funds are disbursed directly to the contractor or installer to begin the solar project.

Repayment

  • The loan is repaid through an assessment added to your property tax bill. Payments are typically made semi-annually or annually.

Transferability

  • If you sell the property, the remaining balance may transfer to the new owner, as the loan is tied to the property, not the individual.

No Upfront Costs

  • PACE financing covers 100% of the project costs, eliminating the need for a large initial investment.

Accessible to More Homeowners

  • Approval is based on property equity, making it accessible to those who might not qualify for traditional loans.

Long-Term Repayment

  • Terms of 10–20 years allow for small, manageable payments spread over time.

Transferable Loan

  • If you sell your home, the loan typically stays with the property, reducing the financial burden on the seller.

Tax-Deductible Payments

  • In many cases, the interest on PACE assessments is tax-deductible.

Covers a Range of Improvements

  • PACE financing isn’t limited to solar; it can fund other energy-efficient upgrades like insulation, HVAC systems, or water-saving measures.

Higher Interest Rates

  • PACE loans often have higher interest rates compared to traditional loans or solar financing options.

Limited Availability

  • PACE programs are not available in all states or regions.

Impact on Property Sale

  • Some buyers may be hesitant to assume a PACE loan, potentially complicating property sales.

Lien on Property

  • The loan is secured by a lien on the property, which could impact future borrowing or refinancing options.

PACE financing is ideal for:

  • Property owners who lack the upfront funds for solar or other energy-efficient upgrades.
  • Those who prefer long-term repayment options tied to property taxes.
  • Homeowners in eligible regions with plans to stay in their home long-term or easily transfer the loan.

Check Eligibility

  • Confirm whether PACE programs are available in your area.

Choose a Provider

Plan Your Project

  • Work with a contractor to design your solar system and outline costs.

Approval and Installation

  • Once approved, the project is funded, and installation begins.

Start Repayments

  • Payments are added to your property tax bill, spread out over the agreed term.

Comparing PACE Financing to Other Solar Options

FeaturePACE FinancingSolar LeaseSolar LoanCash Purchase
Upfront CostNoneNoneLowHigh
Approval CriteriaProperty equityCredit scoreCredit scoreNone
OwnershipHomeownerSolar providerHomeownerHomeowner
Eligibility for Tax CreditsYesNoYesYes
RepaymentProperty taxesMonthly paymentsMonthly paymentsNone

Scenario: A homeowner installs a $20,000 solar system using PACE financing with a 20-year term at 6% interest.

  • Annual Payment: ~$1,742 (added to property taxes).
  • Electricity Savings: ~$1,800/year, offsetting the repayment.
  • Net Cost: ~$58 annual savings, plus increased home value.

Program Availability

Check local regulations to see if PACE is an option in your area.

Cost Comparison

Compare PACE interest rates and terms to other financing options like loans or leases.

Future Plans

Consider how the loan will impact your ability to sell or refinance the property.

The Bottom Line
PACE financing is a flexible and accessible option for funding solar installations and other energy-efficient upgrades. While it may not suit everyone, its unique structure and benefits make it an attractive choice for many property owners.

Ready to go solar with PACE financing? Start by getting a customized quote today and see how much you can save with a PACE Financing Program!

Compare all solar purchase options

Discover the best solar financing option for your needs with our easy-to-read comparison table, highlighting upfront costs, ownership benefits, and savings potential at a glance!

The Solar Showdown: Comparing Financing Options

The Solar Showdown: Find Your Best Financing Option 🌞

Compare the most popular solar financing options and see which one fits your needs. Explore the details below to make an informed decision!

Feature PACE Financing Solar PPA Solar Lease Solar Loan Cash Purchase
Upfront Cost None None None Low High
Approval Criteria Property equity Credit score Credit score Credit score None
Ownership Homeowner Solar provider Solar provider Homeowner Homeowner
Eligibility for Tax Credits Yes No No Yes Yes
Maintenance Responsibility Homeowner Solar provider Solar provider Homeowner Homeowner
Repayment Property taxes Electricity bills Monthly payments Monthly payments None
Savings Potential Moderate Moderate Moderate High Highest

💡 Tip: Want the biggest savings? Consider owning your system with a solar loan or cash purchase!

Discover the cost of solar panels in your area for 2025! All Online No Pressure No Risk

100% Free | 100% Online | We will do all the work for you! | We will negotiate best best-priced solar system for you!