You are familiar and comfortable with a monthly payment schedule
Some financing programs include system maintenance, eliminating your risk if equipment should fail
Some programs offer PV financing rates that are competitive with the rate of historical electric utility tariff increases
CONS:
Traditional financing vehicles, such as loans, may result in a higher total cash outlay due to interest charges
The fine print in leases and power purchase agreements can be onerous—and these agreements are non-negotiable
You need a FICO score better than 640
Going through a credit check and approval process can delay the purchase
There may be restrictions when selling your home—be sure to read the fine print in any agreement you sign
Products offered through second-tier companies may have lower credit requirements, but along with this, may have high interest rates, offsetting any financial gains afforded by the PV system
