Buying Solar Panels: Ownership with Maximum Benefits
Purchasing your solar system, either through cash or financing, means you directly own the equipment and reap all associated financial incentives.
Advantages of Buying Solar
- Significant Long-Term Savings: Once fully paid, the electricity generated is essentially free.
- Tax Credits & Incentives: Homeowners can claim the 30% Federal Investment Tax Credit and additional local incentives.
- Enhanced Home Value: Solar-equipped homes typically attract buyers and command higher market values.
- Complete Energy Independence: Reduce reliance on fluctuating utility rates.
Things to Consider
- Higher Initial Investment: Costs typically range from $15,000–$30,000 before incentives, though financing options are available.
- Maintenance Responsibility: While modern systems require minimal upkeep, you are responsible for any repairs.
- Longer Return on Investment: The payback period generally spans 6–10 years.
Buying is ideal for homeowners committed to staying in their homes long-term who aim to maximize financial and energy independence.
OC Solar Energy Agreement: No Upfront Cost and Hassle-Free
The OC Solar Energy Agreement is a 25-year arrangement where OC Solar designs, installs, and maintains your solar system at no initial cost. You pay only for the energy your system generates, at a lower, predetermined rate compared to utility providers.
Benefits of the OC Solar Energy Agreement
- Zero Upfront Costs: No initial investment or hidden costs—just a simple payment for the energy produced.
- Immediate and Predictable Savings: Enjoy reduced monthly bills from day one with clearly outlined pricing structures.
- Comprehensive Maintenance: OC Solar covers all system monitoring, maintenance, and repairs for 25 years.
- Flexible and Transferable: Agreements easily transfer if you sell your home, or you can buy out the system starting after five years.
- Optional Battery & Roofing Upgrades: Incorporate battery storage or roofing solutions seamlessly into your plan.
- Guaranteed Performance: If the system underperforms, OC Solar compensates you or repairs the system promptly.
- Easy Qualification: Qualifying requires only a credit score of 620+.
Considerations
- No Tax Credits: OC Solar retains system ownership and claims the associated incentives.
- Moderate Overall Savings: You save monthly, but less compared to outright ownership.
- Long-Term Commitment: The agreement spans 25 years, though buyout options are flexible.
The OC Solar Energy Agreement suits homeowners who prefer immediate benefits, lower initial expenses, and maintenance-free solar energy.
Learn More about the OC Solar Energy Agreement
Side-by-Side Comparison
| Feature | Buying Solar Panels | OC Solar Energy Agreement |
| Upfront Cost | High ($15,000–$30,000+) | $0 |
| Ownership | Homeowner | Financial Institution |
| Maintenance | Homeowner responsibility | Fully maintained by OC Solar |
| Tax Credit Eligibility | Yes | No |
| Monthly Cost | Financing payment or none | Fixed or variable per kWh (Not more than 3.5% increase YoY) |
| Ideal For | Long-term homeowners wanting maximum ROI | Budget-conscious homeowners seeking ease |
What’s Your Best Choice?
Both buying and the OC Solar Energy Agreement offer great pathways to solar power—it all depends on your priorities. For maximum financial benefit and independence, buying may be the way to go. If a no-upfront, hassle-free approach appeals to you, the OC Solar Energy Agreement offers a straightforward, worry-free path.
Ready to explore your solar options?
Contact OC Solar at 949-427-8817 for a quick, no-impact pre-qualification today.