Financing Your Residential Solar Energy Solutions

Posted - August 29, 2019
Financing Residential Solar Solutions

Although residential solar energy has become moderately normalized in Texas, many homeowners still don’t know where to start the process. Solar panel installation ranges in price from 10 to 14 thousand dollars (even after solar tax credits). So it’s no surprise that the biggest hangup for the move to solar is the price tag.

At iiirth, we believe that every home deserves to be a smart home that conserves energy and relieves the financial burden of current fluctuating energy markets. Don’t let the cost of solar energy deter you from this fabulous solution. Check out these financing options that have helped out several owners like you!

You Can Get Government Help with Your Solar Energy

Texas is one of the several states that offer financing to help homeowners get solar panels up on their rooftops. The Property Assessed Clean Energy (PACE) program provides excellent means to help create energy-efficient upgrades within the home.

Although this is an aspect of government assistance, it is still a loan that a property owner must be authorized for and payback in a set timeframe of 5-25 years.

Specialty Loans

Homeowners can always take a trip to their local bank and take out a personal loan to cover their solar energy costs. However, there are also entities that specialize in lending for home improvement loans.

This could open the doors to options for competitive rates and a smoother transition into the start of your solar project. Some popular lenders include:

  • Avant
  • Upgrade
  • SoFi
  • Best Egg

Talk to Your Solar Contractor

If you absolutely don’t know where to start the financing journey. Always keep in mind that your solar contractor is connected to the right institutions. Talk with our experienced team and find out about how to acquire your loan through us! Some examples of loans through a contractor are:

  • Same-As-Cash loans
  • Reduced Interest
  • Traditional Installments

Pay with a Home Equity Loan

Finally, if you have enough available equity in your home, you could finance your solar project with a home equity loan. By financing with this type of loan, you won’t have to worry so much about your credit because the loan will be backed up by collateral. Reaching out to a financial advisor or your mortgage lender is your best option to get this process started,

Go Solar The Brightest Way With iiirth

The team at iiirth is ready to help you make solar energy a reality for your home or commercial business. We want you to be able to unlock the full potential of your home in the Dallas area. Get in touch with us today to schedule your consultation with our certified solar panel installation team!