Does Financing Make Sense For You?
Many customers choose to pay for their solar system with cash, but now there are many financing options available to make solar affordable.
Solar Installers will work with individual homeowners to discuss their specific needs and find the right financing product for your solar installation.
Here are some of the options available to you:
The EmpowerLoan: $0-Down Solar Ownership
Now homeowners have a better way to go solar. With a $0-down EmpowerLoan offered in partnership with Dividend Solar, homeowners realize the maximum economic benefit of solar ownership as well as a full service offering, including performance and maintenance guarantees. There has never been a better time to go solar. And now, with the EmpowerLoan, there has never been a better way.
Benefits of the EmpowerLoan
The EmpowerLoan is a new, low-cost loan product that maximizes the financial benefits of solar for our customers. The EmpowerLoan combines system performance guarantees, hassle-free maintenance, and cost savings with the financial upside owning your system at no money down
- $0 Down
- Low Interest Rate
- You Receive Tax Benefits
- No Lien on Your Home
- No Prepayment Penalties
- Performance Guarantees
- Warranty Management
- Real-Time Performance Monitoring
- Simple, Fully-Online Application
- Maximize your savings
The Smart-E Loan provides a no-money-down, long term, option through local banks and credit unions, along with flexible terms that let you choose the repayment schedule that’s best for you. For a limited time, special smart energy bundles are available with rates as low as 2.79% to 2.99% for 10 years. This Smart-E bundle is for projects that combine solar with other energy efficiency projects for homes.
Ask your Solar Installer about other financing options that are available, including solar leases, purchase power agreements (PPA’s) and other solar specific loan options.
In addition to solar-specific loans, customers can access more traditional lending options (e.g. unsecured personal loans, home equity loans) through banks or financial institutions in the state.
The decision about how to finance your solar PV system depends on your particular financial goals. Because everyone’s goals are different, the “right” financing option is different for each person. They all make going solar easy and affordable.