Financing Your Solar Investment

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There are plenty of ways to fight the summer heat, but one of the smartest is to stay inside and research ways to save money on your electric bills during the dog days of summer next year! Get the process started now, and your solar panels will be installed and ready to keep you cool during remaining warm days and keep you warm when winter chills arrive, too.

There are two approaches to making your solar investment affordable and increasing the ROI of your solar panels. The first is to explore the rebates, incentives and tax benefits available for solar panels. There are also financing programs and loans that to make clean, efficient solar energy fit within your budget.

Here are the three types of financing that homeowners can use for purchasing solar panels:

1) Solar financing companies. These companies specialize in providing financing for residential solar panels. Because they are specialist, they have expertise in the solar industry and have programs designed to maximize the benefits of solar for their customers. They also have relationships with other companies in the solar industry that can help make the process seamless, like partnering with installers for one stop shopping.

2) The Property Assessed Clean Energy (PACE) Program allows homeowners to pay for their approved renewable energy projects when they pay their annual property tax assessment. This acts as a vehicle for differing the payment instead of setting up a monthly payment plan. To find out if this type of arrangement is available in your area and if it is a viable option for you, take a look at this Fact Sheet from the Department of Energy: http://bit.ly/PACE_Info

3) Home equity lines of credit and home improvement loans can be used to finance solar panel systems. While other types of financing might offer significant advantages, if the solar upgrade is part of a larger home renovation or remodeling project, using this type of financing might make sense.

The easiest way to to start your research about how solar loans and other financing might fit into your plan to save money on your electric bill and enhance the value of your home is to schedule an appointment with a Solar Energy Consultant. When you chose a reputable company like Go Pro Solar, you will be given all the information you need to make an informed decision about the best products and programs for your unique situation.

Ready to get started? Contact GoProSolar today and schedule your consultation.

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