2 smart home pros installing solar panels on roof

solar cash purchase

It’s yours—buy your solar upfront

Going solar is simple when you purchase your energy system outright—you’ll own your system from the onset while qualifying for tax incentives.

Is a solar purchase right for me?

All of the benefits of installing a solar energy system are yours from the beginning when you purchase your system upfront. That includes the maximum value from your panels if you sell your house. In addition to tax incentives, you get the most advantage over inflation—you have no recurring repayments and your potential power bill savings only increase over time.

Speak to a Vivint solar specialist to see if a solar purchase is right for you.

Financial incentives for going solar

  • federal solar incentives
    Federal Solar Investment Tax Credit (Solar ITC)

    The Solar ITC is available to all U.S. residents who owe federal taxes. With it, a portion of your project costs can be deducted from your tax obligation, reducing the amount of taxes you owe. The credit is worth 26% of your project costs in 2022, 22% in 2023, then expires for residential projects at the start of 2024. On a $10,000 solar project, the credit would put $2,600 back in your pocket, significantly speeding up your payback period.

  • state solar incentives
    Solar tax credits available
    by state

    There are also state solar incentives and city-level programs available to encourage solar adoption. In most cases, state and local programs stack with the federal incentive, meaning you save even more. We’ll help you find all applicable solar rebates and apply them to the cost of your system. Solar incentives vary among states and utility companies, and rebate levels can fluctuate. Give us a call for the most up-to-date information about current state solar incentives.

  • srecs
    Be compensated for your
    energy credits

    In participating states, homeowners receive energy credits for the solar power they produce, called Solar Renewable Energy Certificates (SRECs). State regulations require utility companies to generate a certain amount of electricity from renewable sources. Utility companies buy SRECs from homeowners to meet these requirements. In short, you are compensated for generating clean energy.

See how much
you could save

To ensure a smooth experience, have your electric bill on hand.

 

Home equipped with solar panels

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How much does it cost to go solar?

Get an estimate in minutes

Add some basic information to our solar calculator, like your location and current energy usage, and we’ll provide a customized estimate for powering your home with solar energy.