Solar loans are the fastest-growing method of financing a solar panel installation for 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.
When you think of Massachusetts, you may think of the historical city of Boston, its championship sports teams, or distinctive pronunciation of the letter “R”. Now, it’s time to add a new association to the list because Massachusetts solar incentives and programs are now considered some of the best in the country. In this article, we break down these incentives and explain why solar panels are such a great investment in Massachusetts in 2018.
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.
Mosaic is arguably the largest solar financing provider for homeowners in the country. If you’re comparing solar quotes from a few different solar installers, chances are you’ve encountered a loan option from Mosaic.
The HERO Loan Program by Renovate America is one of the most popular energy loan options in California. HERO loans offer reasonable interest rates that make it possible to fund energy upgrades like new windows and updated HVAC systems. Homeowners and businesses in hundreds of communities across the state have used HERO loans to make clean energy upgrades to their properties. One of the most popular uses for HERO loans is to reduce energy bills by installing solar panels.
Energy Smart Colorado is Colorado’s all-encompassing home energy upgrades program. It is sponsored by electric utilities across the state, and is available to renters, homeowners and businesses in Eagle County, Gunnison County, Summit County, Lake County, Roaring Fork Valley and Yampa Valley. Property owners in Boulder County can also participate in the Energy Smart Boulder program, which offers similar benefits. Here’s the complete breakdown of all the different measures that you can take to reduce your energy use and shrink your utility bills through Energy Smart Colorado and Energy Smart Boulder in 2017.
In the past, solar was out of reach for most homeowners. Loans were difficult to access, and upfront equipment and installation costs were too high for most people to pay in cash. By bringing the third-party lease to the solar market, SolarCity made solar accessible to the masses and enabled homeowners to go solar with no money down. In October 2014, SolarCity launched its first solar loan option: the MyPower loan product.
If you’ve ever thought about installing solar panels on your home, you’ve probably heard of SolarCity. Headquartered in San Mateo, California, SolarCity is the largest solar company in the country, and primarily offers solar leases and power purchase agreements (PPAs) to homeowners. Do you have a SolarCity proposal in hand? Read on for a guide on how to evaluate your SolarCity quote.
Going solar is like all big home improvement project – the more questions you ask beforehand, the better prepared you’ll be on installation day. And while most homeowners understand the importance of vetting potential solar installers, they may not realize it’s equally as important to fully vet their loan provider too. There are many financiers throughout the country that offer solar loans with varying terms and conditions, but how do you determine which is best for you? Here’s a quick checklist of the top questions to ask your solar financing company before you sign an agreement with them: