There are different Financing Options that Homeowners and Businesses can take advantage of to make the process of going solar smooth and hassle-free.

See how you can save big with Solar Incentives, Rebates and Tax Credits in Maryland.

Upfront Costs

The economics of renewable energy can be tough. Imagine buying a cell phone and paying up front for all of the minutes you will ever use on the phone. You might be looking at a bill of $2000 or more for your new cell phone, compared with $75 for the same phone with a standard monthly plan. Even if it ends up costing you more in the end, you still might go with the monthly plan.

This is the situation with most renewable energy systems: the majority of costs come up front – when the system is designed, purchased and installed. Over time, however, renewable energy systems can save you money compared to purchasing energy from the utility.
Today, even with the many challenges, renewables are becoming competitive with established fossil fuels. And renewable costs are coming down rapidly. In fact, PV module prices have dropped 80% in the last five years. In many areas, a PV system will reach its payback point in just 5 to 7 years. For the rest of its life that system will generate electricity that is essentially free.