Buying, Leasing and Financing Solar Panels
At MexLucky, we believe going solar should be attainable for everyone. We offer various solar panel financing options to help you achieve your solar goals. We provide the opportunity to purchase, finance or lease your solar panels. The price of solar energy from Pineapple is usually lower than the cost customers pay to their utility provider.
Cash Purchase
Pay for your solar panels in full or through a personal or home equity loan. You make all payments upfront versus monthly payments with a cash solar system purchase. We provide a complete 25-year production guarantee, so you feel secure in your investment.
Advantages of a cash purchase solar panels include:
- No monthly solar payments
- Generous federal and state tax incentives
- Hassle-free payment process
Solar Panel Financing
Solar loans are available to homeowners to own their solar system while paying for it over time. Our priority is to provide monthly payment options to keep solar affordable.
Advantages of financing solar panels include:
- 30% tax credit/generous federal and state tax incentives (like the cash advantages)
- No money down
- Predictable monthly payments
Leasing Solar Panels
Instead of owning the solar panels, Pineapple offers the option to lease. Once the lease term is completed, homeowners can either buy out the solar system, extend the lease or have the company take the solar system off their roof. There is no upfront cost, and it’s an affordable monthly amount paid to the lease provider.
Advantages of leasing solar panels include:
- No money down
- Maintenance free
- Predictable monthly payments
Act Now and Take Advantage of $1000s in Federal & State Incentives
Homeowners who install solar panels can benefit from a federal tax credit of 30%. This credit was recently extended with the passage of the Inflation Reduction Act of 2022 and will remain in effect for the next ten years. Some states and utility providers have additional unique incentives for their location. The sooner you go solar, the more you save!
FAQs
We do a soft credit pull to determine creditworthiness. A credit score of 650 and above is required.
Interest rates are at lowest 3.5%
There is no money down required for leases, power purchase agreements and loans.
Homeowners who install solar panels can benefit from a federal tax credit of 30%. This credit was recently extended with the passage of the Inflation Reduction Act of 2022 and will remain in effect for the next ten years. Some states and utility providers have additional unique incentives for their location. The sooner you go solar, the more you save!
While solar is not free of charge, the goal is to replace your utility bill with a solar payment that will be lower than your average utility costs.
For example, an average monthly solar + utility bill might look like $90 for solar and $10 for the utility in CA with a utility bill before solar of $200/month.
If you decide to lease solar, there is typically a rate increase each year that is lower than your utility inflation rates.
You will still be connected to the electric grid and receive statements from your utility provider.
Get a Customized Solar Estimate
Interested in a MexLucky solar quote? Get in touch with us today to learn more about us and our high-quality solar energy systems.