Smart Solar Financing
If you have a credit score of over 640*, and qualify for a tax credit, (most of us do), no money down financing is what you want. When you purchase a PV solar system, you are entitled to Federal and State tax credits. In most cases, the tax credits pay more than 1/2 of the cost. The SMART SOLAR PROGRAM is NO OUT OF POCKET, using an unsecured, hybrid loan. The portion of money that will be reimbursed by incentives is financed in a one year, no interest loan. This one year loan will give you time to get your tax credits without paying interest. When you receive your tax refund, pay the loan and close it out. The remainder, your actual net investment, is financed in an unsecured, fixed rate loan for 12 – 15 years. The interest rate on the loan is low and fixed. There are no prepayment penalties.