How to massively overpay for solar panels | Financing a solar system

A solar system is a good long-term investment but its upfront costs are high. Is there a way to go around them? In this video, Jason is going to cover different ways to pay for solar panels.
When you want to buy solar panels for home, you can pay for a PV system upfront with cash, take a loan, or lease solar panels. Each option has its pros and cons.
Paying for solar panels with cash is the most straightforward and profitable way to go solar. You maximize your savings, pay the least, and you can get 30% of a solar system cost back through the Solar Tax Credit. The problem is the high upfront cost of a PV system.
Leasing a system is convenient but not very profitable. Your savings depend on the difference between leasing costs and your electric bill. Monthly payments mirror electricity costs so it’s not like you’ll benefit from energy prices going up. Selling a house with a leased solar system can be problematic.
Taking a loan can be a good way to go solar if you don’t have the means to pay for a solar system right away. The most popular loan types for purchasing solar are:
- Personal loans
- Home equity loans or HELOCs
- FHA 203k loans
- Solar contractor financing.
Check out our video on how to choose a solar contractor: • How to choose the best...
Find the best solar panels for home at A1 SolarStore: a1solarstore.com/
‌About A1 SolarStore: A1 SolarStore is a North American online store of solar equipment with the largest chain of fulfillment centers in the U.S. It was founded in 2018 in Miami, Florida by Alexey Kruglov and Sergey Fedorov. A1 SolarStore participates in RE+ events to cooperate and stay in touch with the leaders of the American solar industry on a regular basis. The company partnered with Solar Energy International (SEI), a non-profit organization from Colorado that educates and trains students, alumni and end-users of solar energy. A1 SolarStore Magazine and KZbin channel teach about the basics of solar energy and the impact that it brings.

[@steve6375]

When calculating the payback period, do you assume that the same amount of $ could have been invested in a global stocks and shares ETF for the same period (-tax). If not, then you should!

[@a1solarstore]

Well, this is a whole another can of silk worms to unpack...