Financing

The federal Investment Tax Credit (ITC) allows you to deduct 30% of the total cost of your solar installation from your federal income taxes. For example, if your system costs $20,000, you could receive a $6,000 tax credit. The credit applies to the year your system is installed and operational.

Arizona residents can benefit from the federal Investment Tax Credit (ITC), which allows you to deduct 30% of the cost of your solar system from your federal taxes. Arizona also offers a state tax credit of up to $1,000. Additionally, solar equipment is exempt from state sales tax and property tax increases.

Yes, most solar loans we offer have no prepayment penalties. You can pay off your loan early without any additional fees, which can save you money on interest. Some customers choose to use their tax credit refund to make a large payment toward their loan balance.

Solar loan terms typically range from 5 to 25 years. Shorter terms have higher monthly payments but lower total interest costs. Longer terms have lower monthly payments, often resulting in immediate savings compared to your current electric bill. We help you choose a term that balances monthly savings with total cost.

mahalopower offers several financing options including solar loans, leases, and Power Purchase Agreements (PPAs). Solar loans allow you to own your system and benefit from tax credits. Leases and PPAs let you go solar with little to no upfront cost. We work with multiple lenders to find the best rates for your situation.

With a solar loan, you own the system and are eligible for tax credits and incentives. You pay off the loan over time while enjoying reduced electricity bills. With a solar lease, a third party owns the system and you pay a fixed monthly amount to use the power it generates. Loans typically offer better long-term savings.

Yes, mahalopower offers zero down payment financing options. Many of our customers start saving on their electricity bills immediately without any upfront investment. We can help you find a financing plan that fits your budget and maximizes your savings.

A Power Purchase Agreement (PPA) is a financing arrangement where a third party owns and maintains the solar system on your property. You agree to purchase the power generated at a fixed rate, typically lower than utility rates. PPAs require no upfront cost and include system maintenance.