There are many different types of solar loan products that you can use to finance the installation of a solar panel system. But despite the plethora of options, you can generally bucket all these loans into two broad categories: secured solar loans and unsecured solar loans.
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Sungage Financial solar loans: the complete review
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.
Continue readingPower purchase agreements (PPAs): what you need to know
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 talk about what solar PPAs are and discuss the advantages and disadvantages of this financing solution.
Continue readingEnerBank USA solar loans: the complete review
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.
Continue readingFirst-time homebuyer? Why solar should be your next big investment
If you just purchased your first home, first of all, congratulations! Buying a home is no small feat and immediately planning your home’s upgrades may feel overwhelming–but we’re here to help! When it comes to solar, we think it’s a great upgrade for first-time homebuyers because solar saves you money in the long run and increases your home value. We’ve laid out some key questions to answer when making the decision to go solar as a first-time homebuyer.
Continue readingTypes of solar companies
Just like with any industry, there are a lot of players in the solar business. As someone considering your options, it can be helpful to understand the different solar companies that may play a part in your installation.
Continue readingZero-down solar financing options: which is best for you?
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.
Continue readingHow to review solar quotes
So you’ve got a few solar quotes from different installers, each with different pricing, equipment and savings estimates – what’s next? With all the information available, comparing solar quotes can be overwhelming, but we’re here to make it as easy as possible. If you’re sitting down to review multiple solar quotes for the first time, here are the most important questions to ask yourself, and the factors to consider as you’re evaluating one solar quote against the another:
Continue readingSolar financier partnerships: what you need to know
One of the most important choices to make as you’re going solar is which installation company to work with. Online reviews, industry certifications, years in business, and equipment manufacturer endorsements are just a few ways to gauge the reputation and experience of one company over another. If you’re planning on financing a system with a solar loan, it’s a good idea to keep an eye out for any partnerships with loan financiers, as they can be another indicator of a company’s credibility.
Continue readingSolar Cost Terminology: Cost Per Watt, $/W and LCOE
What should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).
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