Solar panels are a great choice for the environmental, financial, and community benefits they offer. They save you money on your utility bills; they help you generate money by selling solar power; they reduce your carbon footprint; they help you leave a greener, brighter future for your children and their children.
A solar panel installation makes all of this possible with just an upfront investment. However, for Connecticut homeowners, who are not looking to make an upfront investment, there are a variety of financing options available.
Here are some tips on finding the best solar financing in Connecticut:
Things to Know
Homeowners in Connecticut looking for solar financing have several choices before them. However, not all service providers and their financing solutions are equal. Here are some of the things you must know when browsing for solar financing in the market:
- Credit Score
Credit score requirement varies from one financing provider to another. However, you can generally expect to get solar financing with a credit score of 640 or above.
- Solar Loan vs. Solar Lease
With a solar loan, you retain complete ownership of your solar panel installation and get all the incentives offered by the government. This means that you will get all the benefits of ownership with no money down.
In the case of a solar lease, your solar installer retains its ownership and, therefore, gets all the government benefits. So, the responsibility of repairing, replacing, and maintaining the solar installation lies with the installer. The benefit to you is peace of mind in a production guarantee a monthly rate usually far lower than the utility rate.
Why Connecticut Homeowners Love Green Power Energy Financing Solutions
Green Power Energy has made solar financing affordable, accessible, and easy for every homeowner in the state. Beyond that, here are some specific reasons why our financing options are best in business:
- $0 Solar Loan and Solar Lease
That’s right; whether you go for a solar loan or a solar lease, you can start enjoying the benefits of solar energy without making any down payment at all. Our financing options completely cover your solar panel installation.
- 0% Interest Solar Loan
You read that right! Under our 0% interest rate financing, you can get your solar panels installed, and then defer the payment by 12 or 18 months. At the end of the deferment period, you can pay the full price of the system (interest-free, mind you) or convert it into a solar loan. So, you can enjoy solar energy’s benefits for 1-1.5 years without actually paying for it.
If you choose to convert it into a loan, the interest is applicable only after the deferment period.
Solar financing doesn’t get any better than this!