How to Finance Solar

If you have been thinking about “Going Solar”, you have probably thought about how to pay for the project. Here is some interesting information and research to consider!

Solar Installation falls into the category of Home Improvement and according to numerous sources, approximately 50% of all Home Improvements are either totally or partially financed. For example a survey by Lightstream, a division of SunTrust Bank that specializes in Home Improvement Loans found that “Forty-six percent of surveyed homeowners cite lack of funds as the reason they’ve not renovated sooner.”

Utilizing savings continues to be the most common way homeowners plan to pay for their renovations (65%), followed by credit cards (33%) and a home improvement loan (18%) – with some choosing a combination of several methods to fund their projects. 2020 Lightstream Survey

Lightstream is an example of one of many Unsecured Home Improvement Loans (Solar Loans) that is discussed in the Solar Financing White Paper.

Does it make sense to take the money you are already spending each month to the utility (cost) and use it to pay for a solar loan (investment)? You are already spending the money – why not own instead of rent your electric energy? We can help you through the process, one step at a time. In the meanwhile, get all of the information you need and request the Solar Financing White Paper.