Financing Options For Homeowners

Lease, finance, or purchase your solar - the choice is yours

Residential Solar Financing Options

Baker Electric Home Energy can help you decide which option for going solar best fits your lifestyle. We offer various financing options which take into account your needs and goals of getting solar panels in San Diego, San Bernardino, Riverside, or Orange County. We offer a variety of residential solar options including cash purchase, loan, or lease.


Cash Purchase

Complete ownership with an outright cash purchase is a great option to any homeowners looking for maximum savings over time and added equity in their home. 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
  • You pay the minimal amount for solar
  • Contract value paid directly to solar provider
  • Investment Tax Credit (ITC) is claimed by you
  • Solar panels warrantied for 20-25 years
  • Studies show purchased solar can increase home value
  • Return on investment in as little as five years


Solar Loan

A great option for homeowners wishing to own their system but who may not have the immediate funds available for an outright solar system cash purchase, a low-interest loan may be a great option. Whether you use your own bank or one of our loans 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. 

  • Self-Financing
  • PACE Financing
  • Unsecured Loans
  • Warranted Solar Loans

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
  • Some loans offer no prepayment penalty
  • Loans are often transferrable


Standard Lease

When you lease your solar, you see immediate savings with $0 up-front costs and monthly payments typically 25%-35% less than your current average electric bill (assuming 100% energy offset). While there are no upfront costs, customers must have a 650+ FICO Score.

Benefits of leasing your solar include:

  • $0 down
  • Fixed (vs escalating) monthly payment - immediate savings
  • Customers still benefit from ITC through lowered monthly payments
  • If the home sells, the lease can transfer with homeownership (based on simple credit requirement)
  • System removed or lease extended after the life of the lease
  • 20 year Full System Warranty
  • Includes Solar Production Guarantee and 3rd Party Monitoring

Leasing vs. Buying Solar Panels

You can lease a home solar system with either a prepaid or monthly payment option, get financing to purchase your home solar system or pay cash to purchase it outright. Every option has benefits, but at Baker the choice is yours and we do everything we can to find the best option available to help you meet your needs and your goals for installing solar panels on your home.