Three convenient and easy ways to finance your project
If you are getting a new home mortgage loan, the cost of buying a solar photovoltaic system could be included.
- Typically easy to get done
- The lowest interest loan possible
- Added monthly cost far less than what the existing electric bill is
- Interest can be tax-deductible, (consult with your accountant)
- You can still take advantage of the Federal Tax Credit
- Money for your solar system without an extra monthly payment
- Added value to the home in an appraisal
If you have built up equity in your home, consider a Home Equity Line of Credit (HELOC)
- Typically, easy to do and you can start the process with a call to your bank or any local bank that offers HELOCs
- Low origination fees and very competitive interest rates and terms
- Interest can be tax-deductible, (consult with your accountant)
- You may qualify for additional HELOC funds that you can use for other projects
- You can still take advantage of the Federal Tax Credit
