You’re Paying Monthly for Your Electricity One Way or Another!

Why not make an investment in solar that will continue to pay for itself?

Financing Solutions from Michigan Solar Solutions - financeMany people don’t like the idea of financing anything.  In many cases, that makes good financial sense. However, when it comes to paying for your electricity, consider the following: You are making a monthly payment anyway, in the form of an electric bill, aren’t you? That bill is going to continue to increase every year for the rest of your life 4-8% - that’s a given. But if you choose to go solar, you get rid of part (or all) of your electric bill and replace it with an investment in your own solar array. And, that investment won’t go up every year – it’s fixed.

You will save tens of thousands of dollars through the warranty period. So, consider going solar and don’t be afraid to switch your monthly electricity payment to an investment in a solar array you will own outright. Think of it as an investment in your family or business!

There Are Options Designed to Fit Any Situation:

Residential Lending

In-house financing

  • wb_sunny Positive cash flow versus utility electricity payment
  • wb_sunny Long-term – 12 or 20-year maturities
  • wb_sunny Transferable if you sell your home
  • wb_sunny Easy pre-approval

Home refinance

  • wb_sunny Up to 20% of the homes assessed value can be leveraged
  • wb_sunny Use your 30-year fixed rate to have the lowest possible monthly electric expense
  • wb_sunny Potentially improved interest rate
  • wb_sunny Easy pre-approval

Michigan Saves

  • wb_sunny Up to fifteen-year maturities
  • wb_sunny Borrower can finance other energy efficiency projects with the same loan
  • wb_sunny Up to $40,000 for residential loans
  • wb_sunny Easy pre-approval

 

Commercial Lending

Michigan Saves

Michigan Saves is a nonprofit organization dedicated to making energy improvements easy and affordable. Michigan Solar Solutions is an authorized Michigan Saves solar contractor. Simply work with Michigan Solar Solutions to design the size of the solar system you want, and we’ll help you apply.

  • wb_sunny 7-12 year terms - rates from 6.5-8%
  • wb_sunny Borrower can finance other energy efficiency projects with the same loan
  • wb_sunny Up to $2M for business loans - Power Purchase Agreement (PPA’s) and Lease options available!

P.A.C.E.

Property Assessed Clean Energy (PACE) is an innovative financing alternative for comprehensive energy efficiency improvements. The best return on investment is often improvements in energy efficiency, e.g., LED lighting upgrades. In fact, energy efficiency and solar energy make even more sense when taken together. Unlike traditional balance sheet borrowing, PACE project costs are assessed to the property and paid for in bi-annual property tax installments, often as long as 20 - 25 years. We have staff dedicated to developing these unique building upgrade projects.

  • wb_sunny Low-cost, long-term (20+ yr) commercial financing
  • wb_sunny Tied to the property, not the business - no impact to credit!
  • wb_sunny Loan amounts $100,000 – $20,000,000
  • wb_sunny Often immediately cash flow positive

 

Agricultural and Rural Businesses

USDA REAP Grants

The United States Department of Agriculture provides “guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements.”
REAP Grants must be applied for and are awarded by the USDA based on a point system. If a grant is awarded, it will pay up to 25% of a solar array. Michigan Solar Solutions offers USDA REAP Grant writing and submittal services at no cost to our customers. For a checklist of required documentation, read the Checklist for USDA Grants.
USDA Grants Checklist

USDA Grants Checklist

Request a Free Online Solar Analysis

The Average Return on Solar in Michigan is Over 10% Per Year

Michigan Solar Solutions - Solar Panel Installation Company - icon-sun Want to discover how much you’ll save?

Using only satellite imagery and your most recent electric bill, our solar experts can provide a detailed proposal with up to 98% accuracy. The best part is there’s zero obligation and zero pressure. We’re confident once you see what you can save, you’ll upgrade to solar.

Is Solar Right for Me?