Many Homeowners find that owning their roof top solar photovoltaic (PV) system is a better long-term solution than leasing one. They may have the ability to use the Income Tax credits or Rebates and they are comfortable filing for them.
Loans make sense if the homeowner is primarily interested in maximizing the financial benefits of installing a solar panel system. And benefits begin immediately, as upon interconnection, Homeowners have an opportunity to save on their utility bill for the lifetime of their system.
The homeowner can benefit from reducing the amount of federal and state taxes that they pay if they have a tax liability that is larger than the amount of credits they could receive.
Homeowners who finance their systems through SunLender Loan programs keep all available tax credits and rebates, and they can get into the system with no money down and no out-of-pocket expenses are required.
Through SunLender, Homeowners may choose between a fixed rate or an adjustable financing program … whichever works best for them.
An element of the SunLender loan provides for giving the Homeowner time to collect their 30% income tax credit (ITC). No Payment and No Interest will be required for 30% of the cost of the system during the first 12 months of the agreement.
Loan approval is quick and easy, and benefits Installers as well as Homeowners, as SunLender’s advanced credit underwriting process creates a larger pool of potential customers that qualify, and that translates into more sales. With SunLender’s easy financing approvals, FICO credit scores as low as 640 may be accepted.
Finally, Homeowners are not tied into a small set of equipment choices. When financing the system through SunLender, Homeowners have access to installation of a wide variety of American-made or Imported Equipment included on their AVL (Approved Vendor List). Upon request, SunLender will vet new vendors not currently included.
The SunLender Lease and Loan programs are offered to approved Installers in Arizona, California and Hawaii. The SunLender Loan program is also currently available in Colorado, Florida, Georgia, Michigan, Minnesota, New Jersey, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Utah and Washington.
If a Loan is the best way for you to go, contact your SunLender rep through this website –http://sunlender.com/sunlender/
Next week: We will discuss LEASES.