If you want to install a solar energy system on your property, one of the first questions you’ve probably asked is, “How will I pay for it?” There are many financing options available today for homeowners who want to enjoy the benefits of solar. In many areas, an increasingly popular option for home energy improvements like solar is property assessed clean energy (PACE) financing.
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.
Thanks to the expansion of solar financing options, it’s easier than ever for homeowners and businesses to buy and install a solar panel system. Across the country, more than half of all new solar installations are bought in cash, with a solar loan, or through a specialty financing option.
Home solar is more popular than ever, and if you’re in the market for a new home, you might come across options with solar panels already installed. It is important to understand the unique aspects of buying a solar-equipped home so you can enjoy the benefits of solar energy without having to go through the installation process.
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.
California is the country’s biggest solar energy powerhouse. According to the Solar Energy Industries Association (SEIA), the Golden State has installed 18,296 megawatts (MW) of solar – enough to power 4,732,000 homes! It’s no mistake that California has so much solar. Rebates and other financial incentives make solar a smart financial move for residents and businesses across the state.