Solar loan Financing
Go Solar Today With Affordable Loan Financing!
How Loan
Financing Works?
We at Current Home believe in making the switch to solar energy easier for our customers. That’s why we offer loan financing starting at rates as low as 1.9% per annum. To sweeten the deal further, we offer $0 down financing.
With our loan financing option, a solar energy system that costs thousands of dollars becomes affordable, as you pay only a few hundred dollars monthly. Getting such a loan and saving on your electricity bills is easy.
- Low-Interest Financing – Rates starting as low as 1.9% per year
- $0 Down Financing – Get started with no upfront costs
- Lower Monthly Payments – Pay less than your average utility bill while owning your system
Ownership Benefits
One premier benefit with our utility swap program is knowing exactly what energy expenses to anticipate each month.
1. Financial Incentives
When going solar, we help you get rebates that significantly reducing the system’s cost. According to the IRS, homeowners that go solar can receive 30% in Residential Clean Energy Credits between 2022 and 2032. This translates into thousands of dollars in savings.
Additionally, net metering allows you to earn money from the energy sold back to the grid. This can further help you offset the cost of the solar energy system. Any homeowner who opts for financing the solar energy system can make use of all these incentives and rebates
on offer.
- 30% Federal Tax Credit – Claim thousands in savings through the Residential Clean Energy Credit
- Net Metering Benefits – Earn bill credits by selling excess energy back to the grid
2. Independence From
Rising Utility Rates
According to the Electricity Transmission Competition Coalition, electricity price inflation is 56% higher than Consumer Inflation and the trend isn’t likely to fade anytime soon. However, you can gain independence from this inflation by going solar. Instead of spending thousands of dollars, just get it on a loan, and you can make the switch easily. Since you’ll be generating electricity through solar and the system will likely last for 20+ years, you won’t have to worry about electricity price inflation ever again. With our loan program, you can go solar with $0 down, no need to worry about significant expenses either.
- Escape Electricity Price Inflation – Utility costs rise faster than consumer inflation
- $0 Down Financing – Switch to solar without upfront costs
3. Customized System
We believe in providing our customers with a customized solar energy system that can fulfill their existing and future electricity requirements. We do so by conducting an energy audit during the first consultation. After understanding a homeowner’s energy consumption, we design a customized solar system, considering the number of solar panels required and the amount of space available. Since the homeowner has complete control over the system, extensive customization is possible.
- Customized System Design – Built to meet your current and future electricity needs
- Maximized Efficiency – Proper panel placement for the best energy output
4. Payoff Control
When choosing a financing option for the solar energy system, you can choose the payment term and down payment to determine the payoff period. You also have control over the number of solar panels and battery systems to be included. Many homeowners prefer a solar system that can produce extra electricity to sell it back to the grid and break even sooner.
After paying off the loan, you retain the ownership, which helps you earn a return for an extended period of time.
- Custom Payment Terms – Choose your loan term and down payment to fit your budget
- System Customization – Select the number of solar panels and battery storage
Should You Choose Loan Financing?
It’s now time to understand why other homeowners choose loan financing over other options.
Low Upfront Costs
Purchasing a solar system outright can easily cost thousands of dollars, even after factoring in the rebates and other incentives. Not everyone can spend such an amount of money in one go. On the flip side, when you go with a financing option, you can potentially opt for a $0 down payment plan, which means the upfront cost is negligible.
- No Large Upfront Investment – Avoid paying thousands upfront and keep your savings
- Flexible Payment Plans – Choose a financing option that fits your budget
Ownership Over Time
Homeowners often think leasing a solar energy system is better, but that may not be true depending on anyone’s given situation. With leasing you get no ownership benefits with solar. Now, leasing still has it’s place and benefits, but some do prefer to eventually own their system completely.
- No Ownership with Leasing – Leasing provides solar benefits but without long-term ownership
- Financing Leads to Ownership – Some homeowners prefer full ownership for greater savings
Boost in Home Value
According to housing market data published by Science Direct, installing a solar energy system can increase home valuation by an average of 15%. This means, not only are you increasing your home’s value by going solar but your also saving money on electricity while doing so.
- 15% Higher Home Value – Solar can significantly boost your property’s worth
- Double the Benefits – Save on electricity while increasing your home’s equity
Immediate Savings
The main advantage of financing is that if you choose the right plan, you can start saving from month 1. That’s because the interest rates offered by Current Home are as low as 1.9%, and you can also decide on the down payment, the financing terms, and so on. Since most homes have electricity bills running into a few hundred dollars a month, homeowners can certainly start saving from month 1.
- Save from Month 1 – Low interest rates mean your solar payment can be lower than your utility bill
- Custom Financing Options – Choose your down payment, loan term, and monthly payment plan
Protection From Rising Utility Rates
One of the main benefits of the financing option is that the monthly payments are fixed, and you don’t have to worry about rising energy prices. With electricity prices climbing almost year after year, this protection translates into significant savings.
- Fixed Monthly Payments – No surprises, just predictable energy costs
- Shield Against Rising Utility Rates – Lock in savings as electricity prices continue to climb
Easy Transition
At Current Home, we keep our clients in the loop regarding the timeline of the switch. Moreover, with our $0 down payment plans, it’s easy to switch. We help our customers in multiple ways:
- Easy Financing Approval – Work with trusted partners for a smooth application process
- Expert Documentation Support – We help streamline paperwork to speed up approval
- Transparent Consultation – Understand your energy needs and financing options upfront.
All these make the switch to solar seamless for our customers.
Flexible Payment Terms
Switching to solar is even easier because we offer complete flexibility in payment terms. You can switch by paying 0% down or more. The loan repayment term can also vary from 5 years to 20+ years, allowing you to lower your monthly payments.
Frequently Asked Questions
Wrapping it up
So, if you don’t want to spend thousands of dollars and save money on your solar energy system from month 1, it’s best to go with solar financing. Visit the Get Quote! Page to submit your details and opt for financing today. We will help you switch to solar smoothly.
Sources
https://www.sciencedirect.com/science/article/pii/S0140988324004766
