Affordable Energy Options

Solar can help you lower your electric bill, save money, add value to your home, protect yourself from escalating electricity costs, and offers a switch to clean, renewable energy. By financing with a low interest solar loan, you can save money from day one. Review the information below and contact us to figure out which option works best for you and your family.
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Solar Loans

TFS has partnered with Clean Energy Credit Union to offer solar loans designed to help you start saving from day one.

These unique solar loan programs let you go solar with little or no money down, while benefiting from immediate savings on your electric bill. These financing options give an overall better return on investment than a lease without the upfront cost of a cash purchase. Many loans combine a low interest rate combined with dealer fees, which increase the price of the system by 10 to 30%. Our loans have no dealer fees and a real interest rate between 5 and 6%.

  • Multiple term options for repayment, with a 25+ year lifespan of solar

  • Maintenance is covered under 10 year TFS workmanship warranty

  • Take advantage of tax credits to reduce price of system

  • No prepayment penalty

  • Solar is considered an asset to house, reflected at resale and property evaluation
Loan vs. Lease

TFS recommends loans as the best method to finance solar. Loans have lower interest rates and shorter terms (12 or 15 years vs 20 or 25 years). Leases with a 20 year term or longer are not as well-suited to current utility rates which provide a predictable amount of savings for 10 years, but less known savings in years 11 - 25. Loans are also easier to deal with in the event of a home sale, and the loan can be paid off early, where leases typically did not allow a buyout except at the time of sale of the home.
Cash Purchase

Purchase your solar energy system up front and reap the rewards of free energy generation for the lifetime of the installation.

Cash purchase is always available to customers interested in the option. For homeowners equipped to pay for their system up front, cash purchase has the highest return on investment.

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Incentives

Incentives available for residential solar energy systems can cover, on average, 32% of system costs, significantly reducing the payback period.

The federal solar tax credit is a 30% credit off income taxes for solar energy systems installed through 2032. (For customers who lease their system, the tax credit is not available to them.)

The Arizona state income tax credit is 25% and is capped at $1,000 per residence. This credit must be shared with other qualifying solar devices. There is also a sales tax waiver for solar energy systems, so you pay no state sales tax on your system.

Please scroll to the bottom of this page for supplemental links and information about incentives.
 

Ready to Go Solar?

Call today for a free consultation or solar home evaluation

520-740-0736

Or, simply fill out our short contact form and we will be in touch with you as soon as possible.

 
Resources for Incentives
Federal Tax Credit:
DSIREUSA
IRS form 5695

Property Tax Increase Exemption:
AZ State Property Tax Law
DSIREUSA

State Tax Credit:
State Q&A
State Form

State HOA Law:
Arizona State law A.R.S. § 33-439 and A.R.S. § 33-1816 protect private property solar access by nullifying Home Owners Association covenants restricting solar energy systems. See DSIRE website.