When deciding to go solar, it's good know that there are various options available for purchasing and financing your system. Sandbar has teamed up with both smaller, local lending agencies, and larger institutions alike, to offer home equity loans and lines of credit, solar specific "Green Loans," (both secured and unsecured), and government-supported PACE, (Property Assessed Clean Energy), financing through our numerous partners.
Our goal at Sandbar is to provide you with options when going solar, while also helping you understand the different payment models, terms, returns on investment (ROI's), tax benefits and other considerations that come with choosing how to finance your system.
It’s our philosophy at Sandbar that owning your system outright is always the best option when it comes to going solar.
The Benefits of Ownership Include:
Financed Purchases can often be an excellent path to Ownership, and rank a close 2nd on our list of recommended options when going solar.
The Benefits of Financed Ownership include:
Leased Solar Systems, often referred to as Power Purchase Agreements, (PPA's), rank 3rd on our list of recommended solar options. In this model, there are some advantages and disadvantages that consumers should be aware of when considering this route.
Below is information about several options offered by trusted organizations that Sandbar has partner with to assist our customers.
Contact Sandbar Solar, and we can discuss the different plans with you more thoroughly.
Through our local partnership with Santa Cruz Community Credit Union, this $0 down loan option offers great rates, flexible terms, interest only payments for 18 months and no-pre-payment penalties.
Tap into the equity of your own house to finance your solar project and lock in at our lowest rate of $3.99% (terms apply). No upfront costs, low payments, (up to 25 years), and immediate savings on your PG&E bill.
This program works with local governments to provide energy efficient home improvements with no upfront costs. Credit scores and deb-to-credit ratio are not used to determine eligibility. Payments are included as a line item on your bi-annual property tax bill and may be considered tax deductible for additional savings.
* We at Sandbar recommend consulting with your accountant, tax advisor, CPA or financial advisor on the various
tax benefits and financing options when going solar.