What Are The Types Of Solar Financing Options? - Solar Technologies

1. What are the types of Solar financing options? Are you planning to install solar panels? Have you estimated its cost? Are you looking for any financing options? If yes, here’s the perfect guide to help you with some of the financing options that can make it easy for you to go solar. Let’s take a look at them in detail. Solar Financing: Ways you can do it: There are various solar financing options available in the market for homeowners or business owners who wish to add solar to their property. Based on your credit score and the option you select; interest rates will vary. These options prove reliable for typical solar buyers. a)Credit cards: One of the best parts is you can use your credit cards to have solar in your home. Credit cards get approved instantly, have higher APR and you can apply online from different credit card providers at your bank. b)Online Personal loan: This is yet another option that can provide you easy finance for your solar needs. It usually gets approved within 24 hours. APR is based on the credit; 36 or 60 month terms. There’s no prepayment penalty. There’s a possibility of getting funds on the same day. Once you are ready, you can apply online for this option. c)Personal Bank loans: These usually get approved within 2-3 weeks. It has a moderate APR. With this option; both secured and unsecured loans are available. One can apply at any local credit union bank. d)Home Equity loans: Yet, another easy option to take the advantage of solar energy. These loans usually get approved within 4-6 weeks. It has lower APR. It

2. uses home equity as collateral. To get this loan approved; you must have home appraisal. One can also get the chance to get the potential tax written off. To avail these loans; you can apply at a local bank. e)Home improvement loan: Having solar panels installed in your home is a part of your home renovation or home improvement. There are banks or financial institutions that offer such loans. To avail the benefits, you can get in touch with home loan investment bank or download the application forms from the internet. These loans usually get approved within 1-2 months, having best APR. The process is long and stringent backed by the government. In this option also, your potential tax will be easily written off. Visit any local lender or opt for any home loan investment bank to avail these loans at better rates. Applying for loans through any of these options will help you to get sufficient finance for installation of solar panels at your home. Would you wish to get further details about these options? You can get in touch with reliable solar installers Bay Area. They will help you out with various options and also will refer you to the banks or financial institutions that offer such loans. Helping environment means helping Mother Nature and this is where humanity lies. Making use of solar energy is a great favor to Mother Earth as you are contributing towards it making use of renewable source of energy and reducing the use of non- renewable source of energy i.e. electricity. Final Notes: Very few people understand the importance of solar energy and further there are even few who actually make a decision to opt for it in regular use as solar energy is free but installation of solar panels is little bit costly, however, being one time investment; some people are willing to try it out while some stay away due to its cost. These financing options will encourage such people to make most use of solar energy. Source URL: https://goo.gl/MhUH6b