Resource Library

Financing the cost of a residential photovoltaic (PV) system remains a challenge despite the various financial incentives available to homeowners at both the state and federal level. Traditionally, homeowners installing residential PV systems have used home equity loans, mortgage loans, or cash in combination with federal, state, and utility incentives to finance the total cost of the system, all of which are briefly described. More recently however, a number of new financial models have been developed to lower the financial burden associated with the installation of a residential PV system: