Solar Financing Options
Check out our industry leading 2.9% Solar Loan, Solar Lease & HERO Property Tax based financing options
Stellar Solar provides the most complete solar financing options in San Diego. Financing or leasing your new solar energy system is easy and affordable. Stellar Solar offers a zero money down, 2.99% solar loan along with a solar lease that is backed by industry leader Sunpower. We also work closely with San Diego Metropolitan Credit Union to provide a range of solar financing options. Of course, customers are also welcome to provide their own financing, available through banks, S&Ls or credit unions and with interest rates still low, this can be an attractive option. Let one of our expert solar advisors present the options that best suit your needs.
HERO – Finance your solar panel system through your property taxes
Stellar Solar has been authorized as a solar installer for the HERO program that was launched February 10, 2014 in select San Diego County cities and will be rolling out to the entire county in May, 2014. Residents in Oceanside, Carlsbad, Vista, San Marcos, and Solana Beach are able to participate in a new government solar financing program, Property Assessed Clean Energy (PACE). This innovative program allows property owners to finance solar power systems through their property taxes without any money out-of-pocket and without a credit score requirement.
The HERO program is another great option in an ever expanding field of solar financing for San Diego property owners, especially people who may have had difficulty in the past getting approved for solar financing and could now very well qualify for it through HERO.
With HERO Financing, homeowners can go solar for no upfront payment and repay for their solar power system through property taxes and the interest is tax deductible. This allows homeowners to tie their solar investment to property taxes rather than taking a personal loan, and the investment stays with the property when a homeowner moves. Annual payments are often much lower than current electric bills, and the homeowner is able to secure a lower electricity rate for the lifetime of the system.
To see if you pre-qualify for HERO, and to learn how to apply for solar financing, call (866) 787-6527. Stellar Solar will provide a no-cost estimate and show you the benefits of this new program along with all your solar financing options available.
Commercial Solar Financing & Power Purchase Agreements
Stellar Solar has several commercial financing options available for commercial property owners including some based on the HERO program. Power Purchase Agreements (PPAs) – are also available for qualified commercial customers. With a PPA, you buy your electricity under contract from a 3rd party provider who owns the solar energy system installed on your roof. In general, the cost of the solar power under this PPA starts out lower than your current power bill and increases over time at a lower rate. So, you can save money immediately and your savings grow over time.
Contact a Stellar Solar energy consultant to learn more about these options at (866) 787-6527.