Find the Right Solar Financing Option for You

There are tons of financing options available to help you pay for solar and still own your system. Do you know which one is right for you?

It is no secret that thousands of residential homeowners go solar in San Diego every year to save money on their electricity bill. While solar can save you thousands of dollars over the lifetime of the system it may be a challenge to pay for a quality solar system in cash. This is why HES Solar offers a variety of different financing options for your solar including a cash option, zero-down loans, no-hassle leases, HELOC and HERO programs.

Finding the financing option that is best for you:

It is important to keep in mind that there are a variety of pros and cons that go into each type of financing options. So it is important to talk to your solar design consultant at HES Solar to find the best fit for you and your financial situation.

Solar Loan

A solar loan from HES Solar and SunPower offers all the benefits of solar without all the upfront costs. The loan is flexible and can be customized to fit your needs. HES Solar works with SunPower to provide San Diego homeowners with the most efficient panels on the market with a 10 or 20 year term loans at 2.99%-4.99% financing rate.

  • Simple interest, unsecured financing

  • Choose between a 10 or 20 year loan

  • Experience lower monthly payments and immediate savings

  • Use your 30% federal tax credit to lock in a low payment for the entire term of the loan

  • Own your system and increase your home’s value

  • Includes free monitoring and a 25-year product and power warranty

Choosing to finance your solar system using a loan from SunPower will reduce your monthly energy bill and almost eliminate it after 10 years (or 20, based on the term you choose).

You can learn more about HES Solar financing options here or contact us at 619-692-2015!

HELOC (Home Equity Line of Credit)

With the value of homes rising all across California, a Home Equity Line of Credit (HELOC) has become one of the best ways to finance a solar system. A HELOC is a loan in which a homeowner is able to borrow money by using the equity in their home as collateral.

Similar to any other solar loan, a HELOC will reduce your overall monthly payments and let you own your solar system from day one while increasing the value of your home. However, it is also important to understand the risk when financing your solar system through a HELOC as you use your home as collateral when securing this type of loan.

HERO (Home Energy Renovation Opportunity)

The HERO Loan Program by Renovate America is another one of the most popular energy loan options in San Diego. A HERO loan offers reasonable interest rates that make it possible to fund energy upgrades to your home, like a new solar system. Approval is based on your home’s equity, not your credit score and repayments are made through your property taxes. All HERO-Registered Contractors are licensed and verified. Learn more and apply for HERO Solar Financing here.

With a HERO loan, you choose the fixed term that is right for you (5-25 years). Then your rate is added to your property tax bill. Many property owners choose this solar financing option because it is a single annual payment (instead of 12 monthly payments), which means you can immediately start to benefit from your solar savings.

In many cases, the amount of money that you save in electricity costs throughout the year will be greater than the annual increase in your property taxes. As a result, you can benefit from the net gains of your solar investment starting on day one. This is the same concept with Solar loans or a HELOC.

Solar Lease

A solar lease gives you the ability to go solar for zero down and start saving money from day one. Instead of purchasing the equipment, you simply lease it while enjoying all the benefits of ownership. You then have the option to purchase your solar system at the end of the 20-year lease.

This is a great option for customers looking to lower their energy costs without purchasing a solar panel system. SunPower offers a great lease that allows customers to save about 40% on their electricity while using the most efficient solar panels available.

  • With a solar lease from SunPower, you make payments over the lifetime of the system instead of paying for it all at once

  • The solar lease is flexible so you have the opportunity to work with us to create a payment plan that suits your needs

  • Includes free monitoring, insurance coverage, and lifetime repair service.

Solar Cash Purchase

While not realistic for all homeowners a cash purchase will get you the best value on your system. At HES Solar there are not hidden fees or baked-in costs. We guarantee we are giving you the lowest cost and best value on your solar system.

  • Own your system on day one

  • Best value

  • No recurring payments

  • Eligible for 30% tax credit

  • Experience a greater return on your investment

  • Increase your homes value

  • Includes free monitoring and a 20-year product and power warranty

Here is an example of your savings potential based on an average monthly energy bill of $175. Click HERE to choose your average monthly energy bill and find out how much you could save!

With so many solar financing options available, there’s no reason NOT to start saving money and the planet. Call our HES Solar today at (619) 350-0032 to get started!


Energy Savings Graph (Free Clean Solar)

Financing Options (HES Solar)