Baker Home Energy

Financing Solar and Home Battery

A new Home Energy System including solar panels and a smart home battery is a big home improvement investment. Many people finance it with a loan and many pay cash. Here we take you through the options.
Get a quote
Baker Home Energy
Baker Home Energy

Finance options for everyone

Baker Home Energy offers various low cost financing options, partners and plans to help you save money when you decide it’s time for energy independence and low electric bills.  We’ll help you decide whether purchasing for cash or financing fits your lifestyle best.

Finance Options

A cash purchase typically 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 more quickly than other options, 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 system using cash 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
  • Quicker Return on investment
  • Provides the lowest monthly costs

Want to go solar and reduce your electric bills without making a big upfront investment?
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, we’ll help you every step of the way in obtaining the solar loan 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 system
  • 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.