System Ownership

Homeowners are able to reap the benefits of a solar photovoltaic system by either purchasing it outright or by financing the system through a home equity line of credit. Either option will allow you to take advantage of government and utility incentives, which result in payback scenarios of 4-7 years. Additionally, homeowners who work from home (or have a business on the property) are able to take advantage of commercial tax incentives that reduce the payback time frame by 1-2 years! After an initial site evaluation (request one now), MainLine Solar will be able to explain the details of your system and help you get the best possible return on your investment.

Purchasing Outright

So you are interested in solar, and it is the right solution for your property. The big question is: What is the price? Well, every system is a little bit different based on the homeowner’s needs and the dimensions of the property, but on average the price for a residential system is going to be on par with a new luxury car… at least at first. Of course, you can expect more than half of the initial cost to be returned during the first year through government incentives, SREC revenue, and utility savings!

Financing A System

Many homeowners decide to finance all or part of their system through a home equity line of credit. The primary advantage to financing your system –as opposed to purchasing it outright– is that you receive all of the same incentives as if you purchased the system but you do not have to put any money down up front! Then, by applying the government incentives, SREC revenue, and utility savings from the first few years homeowners are able to pay off the loan and any accrued interest without spending any additional money.

Delaware Homeowners Click Here – Whether you are thinking about purchasing or financing the system, there is a new incentive program coming that will improve your financial payback.