SunCommon now makes it possible for Vermonters to go solar with no upfront cost and a monthly payment that’s less than their utility bill.
And you’ll be protected from rising utility rates with your low, fixed solar payment – saving money year after year. This graph shows how SunCommon saves Vermont homeowners money, beginning right away and increasing as utility rates continue to go up. Finally, we can save money by doing the right thing. Save Money. Go Solar.
SunCommon offers these financing options. Based on your needs and desires, we’ll help you determine the right financing to make it possible for you to save money by going solar.
No Money Down/Lease
You pay for your electricity every month so why not pay for your solar the same way? With SunPower’s lease they own the equipment that we install on your roof and you make a fixed monthly payment to them.
Twenty Year Lease
It’s a 20-year lease, with the monthly payment fixed at your current cost of electricity. So your power bill will never go up, saving you big money compared to what your neighbors will be paying for their power as the utility continues to raise its rates.
Future Homeowner Benefits
You can transfer the lease to a new homeowner if you sell your house; passing on the value of your low monthly electricity “bill.”
The power production is guaranteed by SunPower. Your system will be constantly monitored online so they and you will know if anything ever goes wrong and they’ll fix it for free.
No Money Down/Loan
Some folks prefer loan financing to a lease. And there is no lease available for Bosch solar equipment.
Like the Lease, this mirrors your current relationship with electricity through a low monthly payment. And like the Lease, your payments are locked in for the life of the loan – insulating your from continuing utility rate hikes.
SunCommon partners with Vermont’s VSECU credit union to offer a discounted Solar Loan with no closing costs and quick approval. Folks with good credit scores can beat their utility bills with a home equity loan and the credit union offers unsecured loans as well.
No Monthly Payments/Lease
SunPower offers a one-time lease payment program that can be better deal that outright purchase.
They harness the various government incentives, their access to cheap capital and the one-time payment to create a low one-time payment. The other lease attributes (power production guarantee, monitoring, transferability) all apply to the one-time payment lease.
Some people have available cash and want to be done with monthly electricity payments, while harnessing the federal income tax credit that pays 30% of the entire project cost and the state solar cash rebate which can pay another 15% of the cost.
It’s our job at SunCommon to help determine the best way for you to save money by going solar. We’ve helped hundreds of Vermonters get on the patch to solar, and look forward to working with you to design the solar system and financing that’s just right for you.
Get Started How to Go Solar
* The estimated savings calculation is based on an average Vermont home which uses just under 600 kWh per month and we assume electric rates will only rise 3.5% annually.