ION Solar Blog

Switching to Solar with No Upfront Costs

Switching to solar with no upfront costs is easier than you think. We have various financing options for homeowners who want to make the switch that requires zero down payments. It is important to remember throughout this that zero down payments does not mean free. The costs of solar systems range depending on the size of the system you plan to install, your location, and the rebates and incentives available to you. With our financing packages, you can pay no up-front costs while still saving money, doing good for the environment, and increasing the value of your home. Choosing to finance your solar system opens up the opportunity to put a money-making fixture on your home instead of paying utility companies each month for rising electricity rates.

What am I paying?

When you choose a payment plan that’s right for you, you are able to make monthly payments towards your panels as you would towards a utility company, but you are doing it at a substantially lower rate. We understand that the initial costs can be discouraging when it comes to owning your own system. Loan payments are one of the most common ways that homeowners are able to own their own system with zero upfront costs. Depending on your situation your loan payments will vary. The life of a loan is typically 10-15 years, although some can be as long as 20 years. The panels and inverters we use have a warranty of 25 years and a life expectancy of 30. Once your loan is paid off that is money in your pocket for years to come.

How are your loan payments structured?  

Most loan lenders will take into account the benefit you will receive from your 30% federal tax credit. If you pay down your 30% federal tax return by month 18, then your monthly payments will remain the same throughout the life of your loan. Initially, your payments will be kept low then after 18 months If you do not pay down your 30% your loan will re-amortize. You can also pay down more than your 30% in the first 18 months and drop down your monthly payments for the remainder of your loan’s life.

Will I still have an electricity bill from my utility company after going solar?

This is a common question that many homeowners have. Yes, it is likely you will still get an electricity bill each month. Although, that electrical bill will be very small or non-existent since your system should be built to offset your electricity usage. Each utility company differs on what they require but there is usually always a small fee to connect to the grid each month as well. Some systems will even generate more electricity than you use. In some circumstances, you can even be eligible to receive credits or payouts from your utility company for the excess energy you produce. It is important to pay attention to your usage. If your electrical usage increases it is likely that your utility bill will as well. We build your system to match your energy needs based on your past utility bills.


Switching to solar allows you to become energy independent. One of the biggest advantages of buying a solar system whether that’s out of pocket or through a loan, is purchasing an asset that generates savings for decades. Utility rates are continually rising, so with time your savings will continually increase.



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