Sunlight Solar of Virginia Financing
Quality solar panels are available at affordable prices.
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YOUR FIRST YEAR'S PAYMENTS COVERED BY US¹
Everything is going up – consumer goods, commodities, and even your stress levels have joined the parade! Everything you’re experiencing now is unprecedented and you never planned a contingency for something of this scale.
But there’s hope.
If you could make a change today that would affect all your financial woes tomorrow, put your faith in solar energy.
There is an upfront cost for a solar system and it will take a couple years to offset the cost, but after those years you will be saving money. If you are interested in calculating this time, we can look at these numbers in our solar assessment. Another thing to note is that solar systems increase the value of your home.
Financial Program
We want to help in making the transition to solar easier for you.
With all the incentives that you can receive just by using solar panels in your home, finding the right financial partner to aid in this investment will make the road smoother.
We have partnered with Dividend and Sunlight Financial to provide homeowners an abundance of term options that best suits your budget and family.
Government Incentives
Yes, it may be a costly investment but the good news is that you can avail of the zero-down plan and there are plenty of government incentives that you’re eligible for once you’re a solar panel user!
Aside from a zero-down payment plan, government incentives are readily available to solar power users.
Once you install a solar panel system on your home, you’re eligible for a 30% tax credit thru the Inflation Reduction Act.
To add to that, households can earn from their solar energy by way of Solar Renewable Energy Credits (SRECs). For every 1,000 kilowatt-hours (kWh) that your solar panel produces, you have 1 SREC.
The SRECs that you accumulate can then be sold to local utility companies through a broker. Do note that the price of an SREC is dependent on supply and demand, similar to how the stock market works.
Solar Incentives
Because we highly encourage the use of solar panels, both for residential and commercial properties, we are offering our customers a zero-down payment plan!
We want to make your transition to solar affordable and stress-free with loan terms that are convenient and fit to your needs.
- Federal tax incentive – since the government recognizes the important role that solar panels play in helping people make the switch to clean energy, the Investment Tax Credit (ITC) was created wherein residential and commercial owners can enjoy a one-time 30% tax credit when they have solar panels installed from 2022 until 2033.
- SRECs – with the Virginia Clean Economy Act (VCEA), you’re empowered as a solar panel user to sell SRECs (Solar Renewable Energy Certificates) to utility companies such as Dominion Energy. So for every 1,000 kWh that your solar panel generates, you have 1 SREC. Similar to the stock market, the price of SRECs fluctuates due to demand and supply, and to sell your SRECs to utility companies, you’d need the help of a broker.
- Net metering – it is the excess energy that your solar panels produce flows to the grid and you’ll be credited for it. So for every monthly bill that you receive from your utility company, you’ll see how much you’re able to produce and how much your solar energy contribution lessens your electricity dues. Net metering gives solar users the power to sell the excess energy that their solar panels produce to utility companies
*Tax deductions are subject to change/termination. We make no guarantees regarding eligibility for any tax deductions. We do not provide tax advice. Contact your personal tax advisor for eligibility requirements.