Financing

Choose the best financing options for your solar installation

When deciding to go solar, it's good know that there are various options available for purchasing and financing your system. Sandbar has teamed up with both smaller, local lending agencies, and larger institutions alike, to offer home equity loans and lines of credit, solar specific "Green Loans," (both secured and unsecured), and government-supported PACE, (Property Assessed Clean Energy), financing through our numerous partners.

Our goal at Sandbar is to provide you with options when going solar, while also helping you understand the different payment models, terms, returns on investment (ROI's), tax benefits and other considerations that come with choosing how to finance your system.

OWNERSHIP  vs.  LEASE: Not All Solar is Created Equal

OWNERSHIP

It’s our philosophy at Sandbar that owning your system outright is always the best option when it comes to going solar.

The Benefits of Ownership Include:

  • Receive 30% tax credit (through 2019)
  • Fastest Payback (typically 5-8 yrs. ROI)
  • Lowest Rates for Electricity (typically under .10 cents per kWh for 25 yrs.)
  • Increased Property Value 
  • Discounts Offered for Cash Purchases
  • 10 year Workmanship Warranty for Leaks and Repairs (handled locally through Sandbar) and 25 year Product Warranty through Manufacturer
  • Materials Top Tier, High Efficiency, and/or Made in USA
  • Positive Environmental Impact

FINANCED OWNERSHIP

Financed Purchases can often be an excellent path to Ownership, and rank a close 2nd on our list of recommended options when going solar.

The Benefits of Financed Ownership include:

  • Receive 30% Tax Credit (through 2019) – often used to pay down principle
  • $0 Down Available and Low Monthly Payments (less than your current electric bill)
  • Flexible Payment Terms (5-25 years)
  • Increased Property Value 
  • 2nd Lowest Rates for Electricity (typically between .10 and .18 cents per kWh for 25 yrs.)
  • 10 year Workmanship Warranty for Leaks and Repairs (handled locally through Sandbar) and 25 year Product Warranty through Manufacturer
  • Materials Top Tier, High Efficiency, and/or Made in USA 
  • Positive Environmental Impact

LEASES

Leased Solar Systems, often referred to as Power Purchase Agreements, (PPA's), rank 3rd on our list of recommended solar options. In this model, there are some advantages and disadvantages that consumers should be aware of when considering this route.

ADVANTAGES

  • $0 Down
  • 3rd Lowest Rates for Electricity (typically between .18 and .23 cents per kWh (often with 2-3% increases per year)
  • Maintenance Covered During terms of Lease, (outsourced nationally)
  • Positive Environmental Impact

DISADVANTAGES

  • 30% Tax Credit Goes to Solar / Financing Company
  • Solar / Financing Company Owns the Equipment (you can purchase at the end of the lease terms – usually 20 yrs.) Early Buyout Penalty
  • No Increased Property Value
  • Often Difficult to Sell House with Leased System (new owner must assume the lease terms)
  • Cannot Remove System or Make Repairs to Roof (without permission of Solar / Financing Company)
  • Potential Impact to Mortgage Refinancing
  • Materials Lower Tier, Less Efficient and/or Made in China

​​​​​​​​​​​​SANDBAR FINANCING OPTIONS

Below is information about several options offered by trusted organizations that Sandbar has partner with to assist our customers. 

Contact Sandbar Solar, and we can discuss the different plans with you more thoroughly.

LOCAL SOLAR LOAN

Through our local partnership with Santa Cruz Community Credit Union, this $0 down loan option offers great rates, flexible terms, interest only payments for 18 months and no-pre-payment penalties.

GREEN HOME LOANS (HELOC)

Tap into the equity of your own house to finance your solar project and lock in at our lowest rate of $3.99% (terms apply). No upfront costs, low payments, (up to 25 years), and immediate savings on your PG&E bill.

PACE (Property Assessed Clean Energy)

This program works with local governments to provide energy efficient home improvements with no upfront costs. Credit scores and deb-to-credit ratio are not used to determine eligibility. Payments are included as a line item on your bi-annual property tax bill and may be considered tax deductible for additional savings.

* We at Sandbar recommend consulting with your accountant, tax advisor, CPA or financial advisor on the various
tax benefits and financing options when going solar.

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