Solar Financing Options in Connecticut. Solar Lease vs Solar PPA

How to Switch to Solar Power?

Step 1

Get a free quote from our experts. Learn what system configuration suits you the best and just how much money you can save!

Step 2

Sit back while we take care of the design and permits and government incentive application for your solar panels. All you have to do is give us your approval to move forward!

Step 3

Stress-free Installation and activation. We take care of everything from roof repair, tree cutting, and installation. Sit back, relax and watch the magic happen!

Here at Momentum, we understand that switching to solar power can be a big decision – which is why we offer our Connecticut customers a variety of solar financing options to suit their needs.

Power Purchase Agreement (PPA):

The Power Purchase Agreement gives qualified homeowners the opportunity to pay for the energy that their system produces at a predictable rate that is lower than the local utility rate, but they pay little to no upfront cost for the system itself. Homeowners with a PPA also have price protection from rising electricity costs for the duration of the solar agreement. At the end of the agreement the PPA can be extended, or the system can be removed or purchased.

Solar Lease:

Like the PPA, homeowners can lease their solar panel system with little to no upfront costs. Leases offer a flat, fixed monthly rate for the solar panels whereas PPA agreements offer a rate based on specific energy production.

Solar Loan:

If you take out a loan to pay for your solar system, you are still eligible for the 26% federal solar tax credit. Solar loans allow homeowners to still see incredible savings on their energy bill without having to buy their system outright. At Momentum Solar, we can help you find a loan at a great rate to fund the purchase of your system.

Residents of Connecticut can qualify for several state and federal incentive programs that will save even more money. If you’re still concerned about the cost of solar, ask us about Momentum’s flexible payment options. We offer customized payment plans that can include $0 upfront cost – saving you up to 30% off your electricity bill immediately.

Enter your Zip Code here to see what state incentives, federal tax credits and financing options are available in your area!

Find Out if Switching to Solar is Right for You

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