20 year loan is the most popular plan in 2017/2018.
* Get the best yearly and bi-yearly PRODUCTION GUARANTEE.
SIMPLE SOLUTION with system that is insured and warranted.
Also, every now and then a family cannot utilize the tax credit.
This is rare.
It may be a retired senior, low income homeowner or church, multi-millionaire, etc…
6-8 Years is projected ROI for most.
Studies have proven day 1 is the real ROI.
Reality is you just quit renting. You are now no longer at the mercy of rate increases. One less variable.
For the same amount of electricity, that was a $60 bill in 2014, rate increases have driven it over $100 in 2018.
Homes with solar continue to sell
faster and for more money.
Fastest finish line. lowest interest rates. This ensures 25 - 40+ years worth of electricity cost gets eliminated quickly.
Higher monthly payments compared to 10 year / 12 / 15 / 20 /25 years. Each payment type raises interest rates as payoff period extends.
Pay less for each kilowatt hour generated. Generally viewed as little to no risk.
In most cases, this option is the ABSOLUTE LOWEST MONTHLY !
Best parts of lease, loan, PPA HYBRID!