Our Financing Solutions
Reach your energy and efficiency goals with our flexible financing options.
Your Source for Flexible Financing Solutions Including Loans, PPAs, and Beyond
Embarking on a solar or electrical project should be as financially seamless as possible. At Next Phase Electric, we understand the importance of flexible financing options tailored to your needs. Whether you’re considering residential solar installations or commercial electrical services, we have the solutions to make your project financially feasible.
Just a few of our financing options include:
Loans: Secure the financial support you need with our loan options designed to fit various budgets and requirements.
Power Purchase Agreements (PPAs): Opt for a no-money-down approach with our PPAs, where the electric bill is replaced with a monthly bill to the financer.
Tailored Solutions: We work with you to create a financing plan that aligns with your unique project and financial situation.
Solar PPA vs. Loan: Which Is Right for Me?
Purchase (Loan)
Pros
- You own the system with no upfront cost.
- You are eligible to take advantage of the tax benefits.
- It can increase the value of your home and help your home sell quicker. Research shows that homes with solar show more interest in sales than homes without.
- Typically overall a lower cost of ownership.
Cons
- It can go towards your DTI on your credit
- If the contractor who installs the solar goes out of business, you are left with no warranty on labor. The components are still under warranty but you will have to pay someone to perform the actual fix. Luckily, there is typically very little maintenance with solar.
PPA (Power Purchase Agreement)
Pros
- It does not sit on your credit.
- No upfront capital cost.
- The maintenance and upkeep is the responsibility of the system owner (typically the financer).
- If you cannot take advantage of the tax credit, the PPA is possible a better option than purchase.
Cons
- Since you do not own the system, you cannot take advantage of the tax credit.
- Typically lower long terms savings versus purchase.
- More difficult to transfer agreement over when selling the home.
Our Financing Partners
To provide you with the best financing solutions, Next Phase Electric has partnered with reputable financial institutions. Our financing partners share our commitment to delivering quality services while ensuring that your solar or electrical project is financially supported.
Have Credit Concerns? Don’t Worry!
We understand that credit concerns can be a barrier to many, and we’re here to help. If you have credit concerns or questions about financing, don’t hesitate to reach out. Our team is committed to finding solutions that work for you.
Get A Free Estimate Today
Ready to take the next step toward energy efficiency and quality electrical solutions? Contact us for a free estimate, and let’s light up the path to a brighter, more cost-effective future together.
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