Category Archives: Solar Financing

Articles about the ways to finance a solar installation.

solar companies covid pandemic

How are solar companies making it easier to go solar during the COVID pandemic?

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Investing in solar is a big financial decision no matter the state of the economy. As everyone around the country (and the world) grapple with the ongoing health and economic impacts of the novel coronavirus pandemic, the question of whether it’s the right time to go solar has become harder to answer financially for many homeowners. With that in mind, a number of solar companies throughout the country introduced new programs to help make paying for solar easier for people who install solar today. 

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Zero-down solar financing options: which is best for you?

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Installing solar at your home or business has significant financial benefits. In many cases, you can choose a zero down solar financing option and install your system without paying any money up front, leading to instant savings. In this article, we will examine the various options for $0 down solar and the merit of each option.

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power purchase agreements

Power purchase agreements: what you need to know

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There are many $0-down financing options available for going solar, including both ownership (i.e. solar loan) or third-party-owned (i.e. leases) solutions. Many homeowners looking for an easy, low-cost, maintenance-free way to install a solar panel system move forward with a power purchase agreement (PPA). In this article, we’ll give you an overview of solar PPAs and discuss the advantages and disadvantages of this financing solution to help you decide whether it’s the best option for you.

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financing with a HELOC loan

Financing solar with a home equity loan

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As you’re comparing your solar options, one of the biggest decisions you’ll need to make is how you’ll pay for your system. Fortunately, there are many accessible financing options available for those looking to install solar with little–or no–money upfront.

Given the number of solar financing options and the differences between them, we often get questions about the pros and cons of certain loans – truthfully, every financing solution has both. In this article, we’ll give you a quick overview of factors to consider with one common solar financing option: home equity loans.

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enerbank usa review

EnerBank USA solar loans: the complete review

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Solar loans are the fastest growing method of financing a solar panel installation. Across the country, the majority of new solar installations are purchased with either a cash purchase or through a solar loan. Based in Salt Lake City, Utah, EnerBank USA is a popular company in the home-improvement lending industry. If you’re comparing solar quotes from a few different solar installers, you may have received a loan option from EnerBank.

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renew financial california first review 2018

Renew Financial review: everything you need to know about CaliforniaFIRST financing and PACE

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Solar loans are the fastest-growing method of financing a solar panel installation your home or business. Across the country, more than half of all new solar installations are done with either a cash purchase or through a solar loan.

Based in sunny California, Renew Financial is one of the leading providers of Property Assessed Clean Energy (PACE) financing in the country. If you’re comparing quotes for solar installations or other home energy upgrades from different contractors, you may have seen a CaliforniaFIRST or other financing option from Renew Financial.

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Q&A with Sungage Financial

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When making the switch to solar, many EnergySage shoppers end up financing their installation with a loan from Sungage Financial. Based in Boston, Massachusetts, Sungage currently provides financing solutions through their partner installer network in 18 states and Washington D.C. EnergySage conducted a Q&A with Mike Gilroy, Sungage CEO, to learn more about their company, what customers should consider when choosing a solar loan, and how they differ from other specialized solar lenders.

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form 5695 instructions solar tax credit

How do I claim the solar tax credit (ITC)? Form 5695 instructions

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Last Updated on August 27, 2020

If you’re considering solar, you’ve probably heard about the federal solar tax credit, also known as the Investment Tax Credit (ITC). The Federal ITC makes solar more affordable for homeowners and businesses by granting a dollar-for-dollar tax deduction equal to 26% of the total cost of a solar energy system.

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sungage financial review

Sungage Financial solar loans: the complete review

Reading Time: 4 minutes

Solar loans are the fastest growing method of financing a solar panel installation. Across the country, the majority of new solar installations are purchased with either a cash purchase or through a solar loan. Sungage Financial, based in Boston, Massachusetts, is a popular financier in the residential solar industry. If you’re comparing solar quotes from a few different solar installers, you may have received a loan option from Sungage. Here’s what you need to know about Sungage and their products.

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