There are a lot of options to finance solar energy, while you try to go green and benefit the environment from it.
There are a few creative methods of funding to urge you to go move green. You can also checkout solar PPA's by Upstream Energy.
Let us first discuss the standard methods of funding solar and in the end, we can also discuss the new way of funding which is becoming popular in the market.
1) Pay money – This is an excellent method for saving money in the long term but is restricted to the affluent and wealthy businesses, small and medium enterprises can’t afford it.
2) Home Equity Loan – This is also a fantastic alternative, but restricted to those which have a large quantity of equity in their property.
Be careful because when the loan kicks you and it’s time to repay it, you might be paying more than required.
And now the most popular funding method these days:
4)Power Purchase Agreement (PPA) – PPA’s are generally power supply agreements of longer hauls and duration between power suppliers and the consumers.
In case you're thinking of giving up on having your solar panels PPA can assist you in bearing the financial load of installing solar energy.