Tag Archives: solar loan

How to choose a solar loan

If you’re considering solar, you’re likely wading through the different ways to pay for your new solar system. The options range from outright ownership by paying for your system upfront in cash to leasing your panels from the installation company – but the most common way to pay for solar is with a solar loan. Loans of any variety can be challenging to navigate, and solar loans are no exception! In this article, we’ll walk you through the basics of solar financing and how to determine what solar loan might be best for you.

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Solar loan re-amortization: an overview

Solar loans have become a popular way to finance solar panel installations. While there are various loan options to consider, the majority of solar loan products offer fixed interest rates, monthly payments, and terms. If you’re looking for a solar loan option that allows you to adjust your monthly payment down the line, you may want to consider re-amortization options.

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Financing solar with a home equity loan

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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What is PACE financing for home solar power?

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.

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Q&A with Sungage Financial

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 33 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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The Lowtility solar + home loan product: the complete review

Buying a house is a major investment that comes with many long-term variables to consider, including location, home style, sales price, and monthly utility bills. During the process of applying for a home mortgage, new buyers may also have the opportunity to think about other large home improvement investments that they would like to make once they move in to either increase the value of their home or decrease their monthly homeownership costs. The new solar + home loan from Lowtility is a unique option for home buyers looking to do just that by financing both a house purchase and a solar energy system installation all at once.

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BlueWave’s FlexRate loan: the complete review

(Note: As of fall 2019, BlueWave no longer offers residential solar financing.)

Solar loans are an increasingly popular option for people interested in financing their solar panel systems. The trend away from leases and towards an ownership model like solar loans is a result of two key factors: the economic benefits and incentives available to solar customers and the greater accessibility of solar loan options.

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