Residential Solar Loans: The Benefits
Maximize the financial benefits for homeowners, simplify
the process, and deliver installation quality.
Whether you go solar with a loan, a lease, a PPA or an up-front cash purchase, you will likely save money on your utility bill immediately. However, the financial benefits of owning your system – either through a Dividend Solar EmpowerLoan™ or a cash purchase – highlight the clear advantages of ownership.
The federal government currently provides a tax credit equal to 30% of the system cost for Homeowners who buy and own their system. For example, on an average $30,000 system, the government offers a $9,000 tax credit which can be carried forward if you do not use it all in the first year. In addition, many states and local governments also provide tax credits to encourage homeowners to go solar *. In a loan, these tax incentives belong to the Homeowners who purchase their system, but in a lease, third-party finance companies are the direct beneficiaries of the credits because they are the ultimate owners of the systems.
In addition to loans being financially more attractive, the EmpowerLoan offers a full suite of benefits. Every system financed with the EmpowerLoan is protected with a workmanship guaranty. Plus, you will get real-time performance monitoring with alerts in the event your system is not performing as excepted. Lastly, you have the option to extend your protection with a cost-effective 20 year third party extended warranty package (that can be financed) giving you piece of mind that your system will be producing the expected power in the years to come. With system maintenance, extended warranty, and production monitoring included with the EmpowerLoan, we are taking the worry out of going solar.