As with other types of financing, there’s often a lot of jargony documentation to decipher when it comes to evaluating and getting a solar loan. We break down some of the common terms you’ll see when comparing solar financing and loan options for you here.
Continue readingCategory Archives: Solar Financing
Understanding solar loan fees
If you’re looking to finance solar panels for your home, there are a few things you’ll need to be aware of to select the best option for you. Several factors may impact the cost of your solar loan, including your credit score and current debt-to-income ratio (DTI), the loan’s interest rate, and any solar loan fees.
Continue readingCT Green Bank review: green lending for solar and other clean energy upgrades
Connecticut (CT) Green Bank was the first green bank founded in the U.S. They support green energy adoption in Connecticut by making green energy financing accessible and affordable for homeowners, businesses, and multifamily property owners.
Continue readingTesla’s solar rental program: what you need to know
Tesla discontinued the solar rental program it initially launched in 2019. The program was a return to Tesla’s SolarCity roots, with a unique twist on the product that made SolarCity the leading national installer of solar prior to its acquisition by Tesla. Learn more about other options for going solar with Tesla here.
Continue readingThe federal solar tax credit: all you need to know
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. The average EnergySage Marketplace shopper saves nearly $9,000 on the cost of going solar as a result of the ITC. Curious as to how much you can save on solar? Read our article for more information based on your unique energy needs.
Continue readingHome Loan Investment Bank: a full service bank with solar lending options
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.
Home Loan Investment Bank, headquartered in Warwick, Rhode Island, is a full-service bank that offers solar loans alongside other financing products. HLIB’s loans are accessible to solar shoppers across the country, and are one of the top 10 financing options available to solar shoppers on the EnergySage Solar Marketplace. If you’re comparing solar quotes from a few different solar installers, you may have encountered a loan option from Home Loan Investment Bank.
Continue readingEnergy Loan Network review: everything you need to know
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, Energy Loan Network (ELN) is a relatively new name in the solar lending industry. If you’re comparing solar quotes from a few different solar installers, you may have seen a loan option from Energy Loan Network.
Continue readingDividend Solar Finance review: loans that make going solar easier
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.
Based in sunny San Francisco, Dividend Solar Finance is a big name in the solar lending industry and serves customers in 26 states across the country. If you’re comparing solar quotes from a few different solar installers, there’s a good chance that you have received an offer for an EmpowerLoan™ option from Dividend.
Continue readingRenew Financial review: everything you need to know about CaliforniaFIRST financing and PACE
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.
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.
Continue readingSolar leases: what you need to know
If you’re looking to lower your electricity bill without any upfront costs, there’s a good chance you’re considering a solar lease. Under the right circumstances, solar leases can be an attractive option, offering cheaper electricity with very little hassle on your end. However, there are also instances in which a solar lease could cause trouble down the line, so it’s important to do your research before signing any contract. In this article, we’ll cover the basics about solar leases–from what they are to why you may or may not want to enter one.
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