We originally purchased a solar system about 10 years ago from a different company that has since gone out of business (not sure 100% but they are gone and… Read more
Solar Home
Financing Solar
Solar is a big home improvement investment and many people finance it with a loan or lease. Here we take you through the options.
Finance options for everyone
Baker Electric Home Energy offers various financing options which take into account your needs and goals for getting solar panels. These include a variety of residential solar choices like cash purchase, loan, or lease. We’ll help you decide which fits your lifestyle best.
Why would you consider a Cash Purchase?
Considering a cash purchase offers the lowest cost per kilowatt hour and is potentially tax deductible.
With a cash purchase, you buy and own the system, along with all the energy it produces. A cash purchase requires the highest upfront cost, but will generally pay for itself in five years or less, and provides you with the lowest cost per kilowatt hour. When you purchase your solar system outright, it also allows you to utilize the Investment Tax Credit.
Benefits of purchasing your solar include:
- You own the solar system
- Contract value is paid directly to the solar provider
- Investment Tax Credit (ITC) is claimed by you
- Studies show purchased solar can increase home value
- Return on investment in as little as five years
Why would you consider a Solar Loan?
Considering a solar loan is the same as a cash purchase and offers the lowest cost per kilowatt hour and is potentially tax deductible.
Many consumers find that financing their solar system makes the best sense because it offers many of the same benefits of a cash purchase, but without the upfront costs.
It’s a great option if you want to own your solar system but don’t have the immediate funds for a cash purchase. Instead of high-cost electric bills from utility companies each month, you’ll have a lower-cost loan payment. Whether you use your own bank or one of our loan partners like Dividend Solar or Wheelhouse Credit Union, we’ll help you every step of the way in obtaining the solar loan option that works best for you.
Loan options include:
- Self-Financing e.g. HELOC
- Solar Loans through Baker’s preferred financing Partners
Benefits of using a loan for your solar include:
- You own the solar
- Investment Tax Credit (ITC) is claimed by you
- No heavy upfront out-of-pocket expenses
- No prepayment penalty on Solar Loans
- Some loans are transferrable in the event you decide to move.
I had a great solar purchasing experience from start to finish. The consultation was thorough and without pressure. Project milestones were clearly communicated via the Baker Solar web portal and the couple questions I had were answered promptly. The installation was clean and Baker was even able to hide much of the conduit after discussing options. Overall pricing was very fair compared to other quotes I received and Baker has been around a long time which also gave me piece of mind. Read more
There are an awful lot of solar installation companies out there now, and they run the gamut from fly-by-night to true pro. I had two concerns during my… Read more
A Baker Electric Solar installation comes in stages.
Here we'd like to comment on the roofing team led by JC Solorzono, with teammates Eduardox2, Carlos,… Read more
Just had solar installed – Baker Electric did an excellent job. From the initial contact, to the roofing experts, to the installation crew – everyone was knowledgeable and professional. Communication was outstanding throughout the entire project. I would highly recommend this company for a seamless solar installation. Thank you Baker Electric for such a positive experience! Read more
We were satisfied with solar system installation for our home. Although there were delays due to rainy days, Baker was very communicative via phone calls,… Read more
Note: I'm waiting for PTO with my solar system, so this review reflects my experience to date thus far.
Had a great experience with Don Inman when I was… Read more
We are very impressed with the caliber of employees this company employs. It is a BIG investment for anyone who is putting in solar/batteries, etc., so you better get the best and most established company you can. There are solar company horror stories about “here today, gone tomorrow” everywhere you turn, but you won’t be one of them if you go with this 80 year old company. I chose them because they did a huge job for my employer 25+ years ago and I was a part of that build out. The company was very pleased. They’re still providing great service. A VERY special shout-out to Felix Ortiz and Bobby (sorry Bobby, I don’t know your last name). All the other folks who were here were great too. It was apparent that they enjoyed working with each other. Felix offered (and did) to paint the outside conduits to match our house. He was was not required to do it, but he did it to make us happy. You don’t get service like that anymore. Even if we have to swap out a light switch Baker is going to do it! Good job, Baker! Read more
We recently had an issue with our furnace not working and we contacted Baker because we have been so pleased with their work and impressed with their staff… Read more
I was very impressed with Tom Holmes w Baker Home Electric. He was exceptionally professional, very thorough and knowledgeable at an attractive price/value. Tom went well beyond the call of duty to help me fix my thermostat problems. I’m always sensitive to being sold more than I need when a new service technician suggests options. He was very courteous and made suggestions that were practical and sensible given my situation. I highly recommend Tom and Baker for any HVAC project. He is a hard worker and a genuinely nice and honest guy. Read more
We are very pleased with the service we've received, specifically, from the service manager Josh.
We ran into some snags, initially, after Baker became… Read more
Every step along the way with Baker to install solar has been smooth and efficient. They were straightforward, honest, and kept me up-to-date on everything. I researched solar companies and interviewed 3 of them. I was very impressed with Baker, plus they had the best reviews. Their prices were similar to other companies but they gave me an extra $1,000 off (someone referred me) and I am also going to receive $250 for a referral. I also took advantage of their no down, no interest, no payment offer that gives me 18 months to pay my solar installation costs. That allowed me to use my savings for a new roof and fence that I desperately needed. Go with Baker…you will have no regrets! Read more
