Solar Financing Choices for Your Needs

GEC customers can choose from several solar financing options. Every system is covered by SunPower’s industry-leading, 25-year Combined Power and Product Warranty.

Purchase

You own the system and the energy it produces.

• You purchase your SunPower system directly.
• A home equity loan can be used and may be tax-deductible.
• You can keep any solar tax credits and/or state and local incentives for which you may be eligible.
• Purchasing your SunPower system directly can maximize your savings. Over time your system can pay for itself through your utility bill savings.

Loan

You own your solar system, and pay for it with a loan.

• Various loan payment terms and conditions available (including optional prepayment without penalty).
• You can keep any solar tax credits and/or state and local incentives for which you may be eligible.
• For many customers, the combination of the loan payment and the remaining power bill is less than their previous electric bill.

Lease

SunPower owns the system on your roof.

• You pay a monthly amount to “rent” the system and use the energy you produce.
• For many customers, their lease and remaining utility bill is lower than their previous electric bill.
• System production is guaranteed for 20 years. If something breaks, we fix it.
• When you sell your home, you can assign the lease to the new homeowner, subject to credit approval. SunPower facilitates this process.

SRECs: A Powerful Option in Illinois

The state of Illinois is a great market for solar, with a goal to generate 25% of energy statewide from renewable sources by 2025.

State Renewable Energy Credits (SRECs) are certificates that are created when a renewable energy-generating facility produces energy. SRECs may be sold to a utility for meeting the state’s Renewable Portfolio Standards. The price of the credits in Illinois is set by the Illinois Power Agency and for residential customers is paid out over 15 years, based on the size of the solar system.