Solar energy is an excellent investment that will pay for itself over time and save you tens of thousands of dollars in electric costs. And thanks to residential financing, making your solar purchase is more straightforward, quick, and affordable than ever.
Solar Energy Solutions’ mission is to introduce as many people as possible to solar, improving our environment, creating clean energy jobs, and building a better energy infrastructure for the future. For most homeowners, there are two options to finance a solar install: home equity line of credit and installment loan.
Installment Loan Financing
If a home equity loan isn’t right for you, there are other avenues to finance solar. SES has partnered with Medallion Bank, a national provider of solar and home improvement financing. Medallion Bank can offer 100% financing at 8.99% or specials that include a 6.99% interest on installment loans, sometimes with a same-as-cash option.
Same-as-cash for the 26% portion of the cost can be a great way to borrow that portion of the project you will receive back as a tax credit without any interest.
Application and confirmation of loan eligibility can be done in less than 15 minutes in the home or on the phone, so ask your solar consultant for more information.
HELOC (Home Equity Line of Credit)
A home equity line of credit (HELOC) via your bank or existing financial institution is usually the lowest interest way to finance a solar project. The interest rates are dependent on credit rating and the amount of equity in your home. Some areas have special financing on home improvements, so talk to the solar consultant in your area to find out more.
Why We Offer Financing
Solar Energy Solutions offers financing to help our customers achieve their clean energy independence goals. We are not a financial services company; all costs are passed through as we believe it is our ethical mission to bring you the best and most reasonable solar available, with no strings attached.