Not everyone lives in mansions and has all the luxuries at home. If you cannot pay for the solar panels upfront, there’s nothing to be worried about.
Solar panels are not a luxury; almost everyone can have them, even if they need more money to pay upfront. Isn’t it exciting? Yes, it is. So how about we tell you how can you also get the financial benefits if you install solar panels at your home?
You can quickly get loans from the government for the installation of your solar panels. You can still pay for the loan while spending less on what you used to spend on your electric bills.
And let’s not forget; you can still have those tax incentives even when you have bought the solar panels through the loan.
Loans For Solar Panels
According to the Government of the United States, homeowners can borrow up to $25,000. The Federal Housing Administration guarantees up to 90% of the loan provided through a private lender.
The applicants must have a credit score of 60 at least and know they might have to pay interest from five to ten percent.
You can also participate in the PowerSaver program if you are a homeowner looking to refinance a home with an FHA 203(k) first mortgage.
What our clients say
See If You Qualify To Go Solar Today
Hello, we at Energy Choice Solar deliver nothing but exceptional quality. If you want to know everything about solar panels, contact us for a free quote.