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Solar Home Financials - Group Buy Solar

A group buy allows the installer to take advantage of economies of scale.  We buy components in bulk, keep our crew in just one area moving from one property to the next, and save on marketing.  Pricing, which reached an all-time low, is further reduced without compromising quality or service.  

What’s the financial benefit of joining a group buy?

In addition to purchasing solar at a lower cost with the best vetted components and installer, the core financial benefits of home solar, include:
May lower monthly utility bill
Stable electric rates for 25+ years
Low-risk, tax-free return on investment
Home improvement that is expected to pay for itself
Possible improved home resale value
26% federal tax credit

Calculate how much a solar system at your property could save you.

StraightUp Savings
Your Average Monthly Electric Bill
  (over a year's time)


Your Utility


Compare the Price of a Typical Home Solar System With Group Buy Pricing

An installation completed through a group buy will typically cost 5– 15% less than the same installation purchased in the general marketplace.  A group buy usually includes additional discounts to encourage participation.

Pricing is typically presented as a pre-set menu of the basic system price and additional options.

We will work closely with you to match your goals and budget.

Common project cost factors include:

  • The percentage of your current electricity usage you’d like to  generate with solar
  • Available roof or ground space
  • Other site-specific characteristics, such as shading or the steepness of your roof
  • Selected components

Projects typically require little to zero money down with financing, or range from $7,700 -$45,000  cash after incentives.

Once the group buy is launched, we can quickly provide interested individuals with sample pricing.

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Incentives & Financing for Solar in Illinois & Missouri

The StraightUp Solar service area covers most all of Illinois and Missouri.

Federal Incentives for Solar-Powered Homes
26% Federal Tax Credit
Receive 26% of the full system cost back as a credit against your total tax liability for the year your system was installed. This tax credit is 26% for systems ‘placed in service’ by December 31, 2022. In 2023, the tax credit drops to 22% and then starting in January 2024 expires entirely for residential systems. After 2024 the tax credit for commercial and utility entities will be 10%. Learn more details (including the IRS form) at EnergyStar.gov.

* Always contact a trusted tax professional to verify eligibility in your specific case.

Illinois Incentives and Financing for Solar-Powered Homes
Incentives
Solar Renewable Energy Credits (SRECs)
StraightUp Solar in partnership with SunPower offers a leasing program in Illinois for homeowners.
Participation-Based Rebate
This rebate may also reduce the cost of going solar if participation goals are met. Beyond a minimum threshold, the greater the participation the larger the rebate.
Financing
Residential Financing Overview
Invest and save with solar without a large upfront cost. Click here for some important considerations to keep in mind.
HELOC & Home Equity Loan
Typically offer lowest rates and tax-deductible* interest payments*. Banks and credit unions offer home equity lines of credit and check with your financial institution on their terms and conditions. Click to learn more.

* Always contact a trusted tax professional to verify eligibility in your specific case.
Secured Loans for Solar
More flexible terms and sometimes faster to obtain than HELOC/Home Equity Loan. Typically better rates than unsecured loans. Click here to learn about one provider.
Unsecured Loan
No lien against the home. Fastest lender decision. Pre-approval does not impact credit score. Click here to learn about one provider.

* Always contact a trusted tax professional to verify eligibility in your specific case.

Missouri Incentives & Financing for Solar-Powered Homes
Incentives
Local/Regional Rebates
Central & Southern MO for a limited time: Empire Utility Service Area, and City of Columbia. Click here to learn more.
Financing
Residential Financing Overview
Invest and save with solar without a large upfront cost. Click here for some important considerations to keep in mind.
HELOC & Home Equity Loan
Typically offer lowest rates and tax-deductible* interest payments*. Banks and credit unions offer home equity lines of credit and check with your financial institution on their terms and conditions. Click to learn more.

* Always contact a trusted tax professional to verify eligibility in your specific case.
PACE Financing
Loan attaches to property instead of home/business owner - eligibility is not based on credit score. Potentially, no money down & 100% financing. Reasonable interest rates and 20-year loan options. Click here to learn more.
Secured Loans For Solar
More flexible terms and sometimes faster to obtain than HELOC/Home Equity Loan. Typically better rates than unsecured loans. Click here to learn about one provider.
Unsecured Loans
No lien against the home. Fastest lender decision. Pre-approval does not impact credit score. Click here to learn about one provider.
Municipal Sponsored Loans
At this time available in City of St. Louis, City of Columbia. Very low interest rates with more restrictions. Lower maximum loan ceiling and residency required. Click here to learn more.

* Always contact a trusted tax professional to verify eligibility in your specific case.