In terms of where the sun is shining in residential solar financing, solar leases have recently been overshadowed by solar loans. Industry publications have touted the rise of solar loans in recent years, and our experience with Sighten customers has borne this out. A poll taken at our recent solar financing webinar found that around 30% of installers currently offer leases, and approximately 40% have never offered a lease.
Topics: Solar Financing
As a solar installer, you know that it’s not hard to convince potential customers of the benefits of going solar – the challenge comes when you have to explain how much it costs. No matter how much the cost of solar has fallen in recent years, the prospect of a five-figure upfront expenditure for an investment that will take years to pay back is simply a non-starter for most homeowners.
That’s where financing comes in. The ability to offer your customers loans, leases, and other financing options transforms solar from a big hit to their household budget into a smart investment that will have them in the black from day one.