What are the financing options for solar panel systems? The financing options for solar panel systems include loans, leases, and power purchase agreements (PPAs). Loans allow homeowners to borrow money to purchase solar systems, providing ownership and potential tax benefits. Leases enable users to pay a fixed monthly amount to use the system without ownership. PPAs involve paying for the electricity generated by the solar system at a predetermined rate. Each option has distinct benefits that cater to different financial situations. For instance, loans typically require a down payment but can lead to full ownership. Leases and PPAs usually have little to no upfront costs, making them accessible to those without significant capital. How do loans for solar panel systems work? Loans for solar panel systems provide financing for the…