Advantages of Loan Solar
No Upfront Costs
With loan solar, you can get a solar panel system installed on your home without paying for it upfront. This can make solar more accessible to homeowners who may not have the funds to pay for a system outright.
Although you will have to make monthly payments on your solar panel system loan, you can still save money in the long run. Once the system is paid off, you will no longer have to make payments, and you can potentially eliminate your electricity bill entirely.
Federal Tax Credits
When you finance a solar panel system with a loan, you may still be eligible for the federal investment tax credit (ITC). The ITC allows you to deduct 26% of the cost of the solar panel system from your federal taxes.
Fixed Monthly Payments
With loan solar, you’ll have a set monthly payment, which can make it easier to budget for. This can also be helpful if you’re trying to balance the cost of your solar panel system with other expenses.
Increase in Home Value
Solar panel systems can increase the value of your home. According to a study by the Lawrence Berkeley National Laboratory, a solar panel system can increase a home’s value by an average of $15,000.
If you’re considering a solar panel system, Loan solar may be an excellent option to consider. Contact us today to learn more about our solar panel systems and financing options.