Financing
Mirasol Solar offers a number of solar financing options from $0 down to low payments. Combined with going solar incentives, there has never been a better time to tap into the sun!
Cash Purchase
If you have the financial resources available, purchasing your home solar system could deliver the greatest long-term savings and return on investment*.
From 2022 to 2032, you may be able to recover up to 30% of the cost of your system through tax incentives, but your energy savings will pay for it in a few short years** with decades of free electricity to follow.
Perks from a cash purchase:
- Claim tax incentives
- A Home Equity Loan can also be used & may be tax-deductible
- Your system may pay for itself with savings on your utility bills
- Increases your property value
*Please consult your tax adviser regarding your individual tax situation and income tax credit eligibility. **visit study
Solar Loan
You own your solar system and pay for it with a loan.
- No upfront costs
- Claim tax incentives*
- 25-year financing term: 2.99%*
- Credit Score: 640+
- 25-year product warranty guarantee
- Low payments & immediate savings
*Please consult your tax adviser regarding your individual tax situation and income tax credit eligibility. **visit study
Solar Lease
With this option, a third party owns the system on your roof, but you still get the benefits of the electricity savings.
- No upfront costs
- You pay a monthly amount to “rent” your system
- Credit Score: 640+
- 25-year system guarantee: if it breaks, we’ll fix it
- When you sell your home, you can assign the lease to the new homeowner.
PACE Loans
Mirasol can offer special financing using the property assessed clean energy (PACE) program. This allows a property owner to finance energy efficient improvements through an assessment repaid through the annual tax bill.
- No credit needed
- A voluntary lien on the property is recorded for the value of the improvements and is assessed on the property owner’s property tax bills down the road
- Claim tax incentives
- Loan term up to 25 years
- 25-year product warranty guarantee
- Low payments & immediate savings