We know there are many options for a homeowner to purchase a solar energy system. At A.M. Sun Solar we do everything we can to come up with an energy solution that works for you. It is a big decision to make, and it is important to note that switching to solar should not cost more than your electricity bill. It is a very practical project to consider since solar has become much more affordable for the average homeowner.
Currently, we have a financing option that ensures no solar payments until 2023. With this option, solar is installed in your home with no down payment and no payments until 2023. It would eliminate your electric bill and secure your tax credit!
Financing Option One
The PowerSwitch ZERO features a 12-month zero payment promotional period,* a choice of 10, 15 or 20-year standard installment term following the promotional period, no pre-payment penalty, and financing for solar projects, solar with batteries, and solar for second homes and rentals.
Financing Option Two
A 12-3 Flex solar loan begins with a 12-month deferred payment period from the time your
solar system is installed. We then give you three opportunities to adjust your monthly payments by paying down your loan balance. Those opportunities come at months 12, 24, and 36. You have a lot of flexibility in how to pay your 12-3 Flex loan all while keeping your low interest rate.
We will not only help make the change to solar simple, but we will also make sure you are eligible for money back with a solar tax credit.
Schedule your free Home Energy Evaluation with A.M. Sun Solar today to learn more about going solar.
In general some of the other options A.M. Sun Solar offers include:
This loan is an unsecured loan from a lender that specializes in financing residential solar systems. You don’t usually have to use your home as collateral, but be sure to understand all of the fees and terms involved with the loan
A Home Equity Line of Credit (HELOC) is another option when you are considering financing your solar system These loans are generally secured by your house.
HomeStyle Energy Mortgage by Fannie Mae
Other options include a program that allows you to use up to 15% of your home’s assessed property value to make energy saving improvements on your home, which includes residential solar systems. This can either be through a new mortgage or a cash-out refinance.
Solar Lease and Power Purchase Agreements (PPA)
If it isn’t important to you to own your solar system, you might be able to purchase your system with little or no money down.
“Options include leasing panels or entering into a power purchase agreement, where the solar company owns the panels and the customer buys the system’s solar power at a set price. Neither of these options come with tax benefits. However, in many cases, the homeowner can still save money right away,”
says Becca Dr. Jones-Albertus, Director of the U.S. Department of Energy Solar Energy Technologies Office.
If you are interested in taking advantage of our no payments until 2023 option, please fill out the form below to schedule a Home Energy Evaluation.