Frequently Asked Questions: Financial Details
How can I get financing?
Electricians can apply for a Home Equity Line of Credit (HELOC) to finance their solar project. The HELOC can be paid at the homeowner’s discretion over ten years. The homeowner must at least make monthly interest payments on the HELOC. Please contact NPCP to get more information on the HELOC.
What rebates or incentives are available in my area?
To see what incentives are available in your state, visit our Grants and Incentives page or contact us for a free estimate.
What is the payment process? How do the grants and financing work?
After you have chosen the right kit size for your home, please mail a check for the kit to NPCP. After receipt of payment, NPCP will put in your order. Please allow 4 to 6 weeks for delivery. After completion of the installation, submit your final grant paperwork….
What is net metering?
Net metering allows any utility customer to gain credit for electricity generated with solar energy and send backwards through the utility meter. Effectively, it allows you to generate excess power during the day, and use it at night without the use of batteries.
Where do I find out more information about financial incentives in my area?
To find out more on incentives and grants in your area please visit the DSIRE website and click on your designated location to find out more. Also, each home owner who installs solar is eligible for a $2000 federal tax credit.
< Back |
