Zero Down Residential Solar Financing
Loan options include:
- SolFarm currently only offers financing for the state of North Carolina
- Fixed rates
- Zero down - You are welcome to apply as much of a down payment as you would like
- Easy approval process
- 12 and 20 year terms
- Interest only options for first 15 months
- No payments to be made until 30 days after solar energy system is installed
- Re-amortization: permitted once within first 15 months
- Allows for 30% ITC, state tax credits and rebates to be applied to loan amount
Advantages To Financing Your Solar Project
As utility energy rates continue to rise, 4% average annual increase nationally, the option to leverage a loan against this utility cost increase is becoming more and more popular. A zero money down solar loan allows for you to keep cash in your pocket and pay for your system monthly. When comparing a solar loan to a common personal loan or home improvement loan, solar loans typically have much longer terms allowing for you to spread out the cost of your investment in bite sized payments.
In most cases, homeowners who finance their solar energy system begin saving money on day one. These initial savings will increasingly grow as time goes on. As energy rates continue to rise year after year your energy costs remain mostly the same as the terms of your loan do not change; the repayment of your loan replaces your energy bill and hedges rising costs.
Why Choose SolFarm For Your Residential Solar Energy System?
SolFarm works with you to establish the design criteria for your unique system. Our NABCEP certified team has years of experience designing and installing solar electric systems; rooftop and ground mounts. The SolFarm team will first evaluate the energy efficiency of your home to identify ways to reduce your electrical load. Once an energy analysis has been completed we will move forward with your solar energy system installation. SolFarm will also be available for maintaining your system. SolFarm also helps you with any rebates and incentives that are available in your area. We want you to be at ease knowing that you have a team of professionals with you through the entire process, and beyond.
Have a solar energy PV system not installed by SolFarm? We can service your system as well. Contact us to start the conversation.
Solar Financing FAQ's
Q: How many years can I finance my solar energy system?
A: Typically solar loans are available for 10 - 20 year terms.
Q: Can I apply my Tax Credit and other Rebate and Incentives to my loan?
A: Yes, re-amortization is available to reduce the amount borrowed; lowering your monthly payments. Once you have received your federal ITC and/or other rebates and incentives you can apply these savings/moneys towards your loan.
Q: Is this loan secured or unsecured?
A: Both options exist for solar loans. Secured solar loans typically apply a lien to the newly installed solar energy equipment; not your home or property.