How to pay for solar panels and photovoltaic panels

There are three main ways to pay for your home solar system: upfront with cash, a solar loan, or through a lease or power purchase agreement (PPA). . Solar panels increase your property value while slashing your electricity costs for decades to come. Solar panel systems typically last for 25 years or more and. . A study by the National Renewable Energy Laboratory (NREL) titled, ' Low- and Moderate-Income Community Solar Policies' found that financing options have been key to expanding solar adoption, especially among middle-income households. NerdWallet is committed to editorial integrity Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our. . [pdf]