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How to Apply for $0 Down Solar Loan Programs in Durham, CT?

Green Bolt
Solar Tax Credit to Be Lowered After 2019

Going solar is perhaps one of the most responsible and satisfying investments many people make in their lifetimes. It’s eco-friendly and financially prudent at the same time – benefits that’ll keep giving for a long time. However, despite the many sizable financial incentives required for such a project, an upfront cash investment may not seem attractive to everyone. So, how do you enjoy the benefits of solar without trading off your short-term financial security?

The answer is – solar loans.

Solar loans transform a one-time, lump-sum investment into a series of easy-to-manage payments that’ll have little impact on your overall financial situation. Still, many financers require you to pay a down payment, usually ranging from 10% to 25% of the total worth of your solar power system. If you don’t wish to foot the bill on the down payment, there’s some good news – $0 down solar loans.

$0 down solar loans are precisely what they sound like. They don’t require you to pay any down payment; not even a single dollar. Here’s how you can get them. 

Many Solar Companies Offer $0 Down Solar Loans in Durham, CT

Several solar companies operating in the Durham, CT region, including Green Power Energy, offer $0 down solar loans to customers. Of course, you need to have a strong credit score to qualify for such loans. If you do have a good credit score, the benefit is enormous. You can walk home with a full-fledged home solar solution without paying a cent today!

So, when you visit your solar installers, ask them to perform a soft credit check and tell you beforehand whether you qualify for a $0 down solar loan, and, if you do, what loan terms you can get. A soft credit check won’t affect your credit score, unlike the regular credit score checks.

Check Out the Offer Details Thoroughly

$0 down solar loans are a more recent innovation from the solar industry. They’re designed to make the path to owning a home solar solution virtually pain-free for homeowners. However, not all solar companies play fair. Some businesses indulge in misrepresentation or hold crucial facts from the customers, such as prohibitively high-interest rates baked into their financing solutions.

So, it’s always a good idea to thoroughly read the T&Cs of the financing product, and ask the right questions. Be 100% clear on the interest rates, loan processing fees, early payment penalties, and other hidden costs that are part and parcel of financing.


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