Financing

Financing Options at JP Electric & Solar

Solar Energy Services in Visalia & Beyond

With 40+ years of experience in solar power, JP Electric & Solar can help you get financing that fits your wants and needs with maximum returns. Flexible options are available to start saving today!

Learn more about the residential and commercial financing options available to you by contacting the Visalia solar experts at JP Electric & Solar today.

Residential Financing

There are countless reasons to begin your journey to clean power, and many ways to make that dream a reality.

Purchase: The Quickest Path to Solar

When you purchase solar outright, you have complete access to federal, state, and local solar initiatives, where available. This may offset the solar project cost significantly. Cash purchases typically offer the maximum return on your solar investment.

The benefits of purchasing your solar energy system outright include:

  • Reducing wait times on finance approval and requirements
  • Offering maximum return on investment
  • The opportunity to use a home equity loan which may be tax-deductible
  • Solar tax credits and/or state and local incentives for which you may be eligible
  • Maximizing your savings by purchasing a SunPower® system

Loan: Own Your System with Payments

Your system is purchased outright, and you make payments on your loan. For many homeowners, the combination of the loan payment and the remaining electric bill is often lower than the electric bill prior to solar.

When you take out a loan, you can enjoy:

  • Easy online approval, with no long application
  • Straightforward monthly payment options
  • Competitive solar interest rates for 10, 15 and 20-year terms
  • Solar tax credits and/or state and local incentives for which you may be eligible

Lease: No Up-Front Cost & Easy Approval

Leasing your system typically offers immediate utility savings and leads to increased savings over time as traditional energy costs rise. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed.

Leasing solar panels offers various benefits, such as:

  • Savings from day one
  • Federal tax benefits allow for lower energy cost
  • No up-front payments required
  • You pay a monthly amount to "rent" the system and use the energy you produce
  • Guaranteed production for 20 years, worry-free

It is also important to note that when you sell your home, you can assign the lease to the new homeowner, subject to credit approval. SunPower® facilitates this process.

Commercial Financing Options

Let the government pay for 30% of your solar system!

You may benefit by going solar in 2019 with the Federal Investment Tax Credit (ITC). A tax credit is a reduction of income tax a person or company would have to pay the federal government.

Credit graph

The ITC is based on the amount of solar investment:

  • 30% for projects that begin construction in 2019
  • 26% for projects that begin construction in 2020
  • 22% for projects that begin construction in 2021
  • After 2021, the residential credit drops to zero while the commercial credit drops to a permanent 10%

Commercial and utility-scale projects which have commenced construction before December 31, 2021, may still qualify for the 30, 26 or 22% ITC if they are placed in service before December 31, 2023.

Solar finance options have expanded for small to medium-sized businesses making it possible to go solar and keep your working capital.

Purchase: A Green Investment That Pays

Cash purchases typically offer the maximum return on investment. You have complete access to federal, state, and local solar initiatives where available, which can offset solar project cost significantly.

Companies enjoy a variety of benefits when they purchase solar, including:

  • Keeping any solar tax credits and/or state and local incentives for which you may be eligible
  • Reducing wait times on finance approval and requirements
  • Fewer parties involved means greater potential savings
  • Reducing the total time required for installation
  • Maximum return on investment

Lease: Low, Or No Up-Front Cost

You lease a solar panel system and lower your electric bill by using the energy it generates. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed.

When you lease:

  • Financing is often a lower cost than a PPA
  • Lessor tax benefits can reduce lease payment (tax benefits expiring soon)
  • Minimal up-front payments reduce investment

PACE: No Up-Front Cost

PACE financing provides capital to add energy upgrades, including solar to your facility with repayment programs that are cash flow positive on day one. Eligibility is based on property value, not your credit history.

If you choose PACE financing, you will benefit from:

  • Owning your system
  • Immediate positive cash flows
  • Reduced electricity costs

PPA: No Up-Front Cost

A third party pays for installation, owns, operates, and maintains the system. You have an agreement to purchase energy produced from that system, locking in lower energy costs for the long term.

Benefits of this option include:

  • No capital investment
  • Fixed energy costs, often lower than your prior rates
  • No responsibility for operations or maintenance
  • Only pay for energy consumed

The Visalia solar power experts at JP Electric & Solar believe that everyone should have access to the power of the sun. Call (559) 464-6048 today to learn more about the financing options available to you!

TRUSTED BY HOMEOWNERS & BUSINESSES ALIKE

  • I highly recommend using JP Electric & Solar for your solar needs.

    “JP Electric & Solar did a great job installing my solar project. Everything was done on time and executed flawlessly. The crew was nice, safe and clean with their work. I highly recommend using JP ...”

    - Mike T.
  • They were a great professional company to work with.

    “They were a great professional company to work with.”

    - Derek A.
  • Great customer service.

    “Great customer service.”

    - Christina N.
  • They are the best.

    “If anybody is looking to go solar they should go with JP Electric & Solar.”

    - Steve F.
  • JP Solar was great through the whole process

    “JP Solar was great through the whole process. From the signing the contract to being tied into the grid with PG&E took about 60 days. They are responsive to all of your questions via email or phone. ...”

    - David G.
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  • California Solar Storage Association
  • Cal SEIA
  • SunPower Intelegant Award
  • SunPower Rising Star
  • SunPower Commercial
  • SunPower Elite

What You Get

  • High Quality SunPower® Products

    As a SunPower® Elite Dealer, we are proud to provide you with highest quality solar power, all with a smaller footprint.

  • We Back Up Our Work

    With 40 years of experience, we not only complete skilled work, but also back that up with follow-up appointments after we are done.

  • Customized Solutions

    We take the time to find the best option for our clients, and make sure our work is seamless even in the most complex installations.

  • One-Stop Shop

    To make things easy and convenient for you, we can handle everything from financing to installation, maintenance, and service after sale.

Contact JP Electric & Solar

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