Semper Solaris | Solar Power Loan and Financing Options | Semper Solaris | (888) 210-3366

Solar Financing

Getting solar panels installed for your home has never been cheaper.

Financing options are available at affordable rates for those who wish to get the benefits of solar panels without breaking the bank.

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Power Purchase Agreements

Power Purchase Agreements (PPA) are a two-party contract that is a type of Third-Party Ownership (TPO). The power is purchased at a fixed rate, as the system is not owned by the homeowner, but by the solar company. With a solar PPA, you agree with the solar company to pay per kilowatt-hour for the electricity produced by their solar panels.

With a Solar Power Purchase Agreement, you are paying for the power, not the equipment. You do not have to pay the high up-front costs of solar panels and equipment. Typically repairs, maintenance, and monitoring are included in the contract. This means that you are getting all of the benefits of solar without having to worry about occasional costly expenses of solar, such as maintenance and repairs.

Benefits of a Solar PPA

  • Reduced Energy Costs
  • Limited Risk
  • Flexible and Affordable
  • Potential Property Value Increase

Federal Tax Rebate

What is the Federal Tax Credit?

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer.

The 30% Federal Solar Tax Credit has been extended for solar + battery backup!

Learn More Corona Virus Federal ITC extension

Solar Energy Loans

Solar panel loans are similar to home improvement loans in that they are a conventional bank loan that allows you to pay for your solar panels by fixed monthly payments with competitive interest. Your primary lender would be the best option to get more information about your specific financial situation.

Keep in mind that there is a significant difference between a solar panel loan and a regular home improvement loan. A solar panel loan allows you to leverage debt to own an asset that generates value for your home as well as generating electricity to minimize your electrical payments.

Find out which solar loan is best for you!

HERO Program

Renovate America

The HERO program, or the Home Energy Renovation Opportunity program, is a partnership between contractors and local governments that helps more people make home upgrades that save energy and water. Instead of homeowners paying for their solar panels upfront, HERO participants receive financing plans from HERO, from five to twenty years long. And, instead of paying it off like a credit bill, homeowners pay it on their annual property taxes and qualify based on their home equity.

The financing process is simple and straightforward. You can apply online with the HERO program, and they provide quick approvals.

The process looks like this:

  1. Apply – Find out how much your home is approved for
  2. Select – Choose the eligible products and select the contractor for the job
  3. Sign – Sign your financing documents
  4. Complete – Finish the installment

Semper Solaris has had a fruitful partnership with the HERO program and is proud to be a HERO Registered Contractor. Thanks to the HERO program, Semper Solaris can install panels right away, and homeowners can immediately slash their electric bills.

Semper Solaris is also a Channel Partner, which means we have a unique position that contractors can qualify for based on sales numbers, establishing an excellent internal record with HERO and, most importantly—customer satisfaction.

Semper Solaris is proud to offer top-notch service for your solar and roofing needs, and to do it in an affordable way for many homeowners, thanks to HERO.

Hero Program FAQ

  • What does “HERO” stand for?

    HERO is an acronym that stands for Home Energy Renovation Opportunity.

  • What is the HERO program?

    The HERO Program offers a unique, affordable financing option for energy-efficient upgrades for increased efficiency, comfort and savings. Water-saving upgrades are also available in drought-impacted areas.

  • How do I get financing through HERO?

    HERO Financing is a simple 4-step process:

    1. Apply – Find out how much your home is approved for.
    2. Select – Choose the eligible products and select the contractor for your job.
    3. Sign – Sign your financing documents.
    4. Complete – Finish the installation.

  • How is HERO different from other forms of financing?

    HERO is a PACE (Property Assessed Clean Energy) program that provides financing for energy-efficient and renewable energy products. In the state of California, HERO provides these same financing options for water-saving and drought-resistant products.

    HERO offers more consumers access to energy-efficient options because HERO is financed as an assessment on your property. The interest on these payments may be tax-deductible.* Approval for HERO is primarily based on the equity in your home and your debt payment history, rather than your credit score. HERO finances 100% of the cost to purchase and install eligible products, with fixed rates and flexible terms of 5-20 years, depending on the improvements you choose.

    Should you decide to sell your property before your HERO assessment is paid in full, any remaining balance may be able to transfer to a new property owner.

    *Property owners should consult their tax advisor regarding potential tax benefits

  • Who can apply for HERO?

    Any property owner who lives in a city or county where HERO has been approved by the local government can apply for HERO financing. To find out if HERO is available in your community, please check our communities list or call 855-HERO-411 (855-437-6411).

  • Are all contractors qualified to install eligible HERO products?

    No. Only HERO Registered Contractors can install HERO eligible products. Each state has different qualification requirements in order to register for HERO. Contractors can determine applicable eligibility requirements on our website.

  • What are the eligibility criteria for HERO?

    Specific eligibility requirements for residential properties include, but are not limited to, the following:

    1. Applicant(s) must be the owner(s) of record for the respective Property.
    2. Mortgage-related debt on the Property must not exceed 90% of the value of the Property.
    Property owner(s) must be current on their property taxes and there must be no more than one late payment in the past three years.
    3. Property owners must be current on all Property debt of the subject Property at the time of application and cannot have had more than one 30 day mortgage late payment over the previous 12 months.
    4. Property owner(s) must not have any declared bankruptcies within the past seven years, and the Property must not be an asset in any bankruptcy proceeding.
    5. The Property must not have any federal or state income tax liens, judgment liens, mechanic’s liens, or similar involuntary liens.

    Some criteria can vary from state to state or city to city. For a full list of your eligibility requirements, give us a call at 855-HERO-411 (437-6411).

  • What products are eligible for HERO?

    There are more than one million energy-efficient, and renewable energy products that qualify for financing through HERO. You can explore our list of eligible products for more information. Water-saving and drought-resistant products are available in some states. If you wish to install a product that is not on the list, contact us at 855-HERO-411 (855-437-6411) to get an application.

Featured Offers

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The 30% Federal Solar Tax Credit