The solar industry has been remarkably creative in its attempts to make home solar affordable and accessible to homeowners in Bridgewater, NJ. So, you’ve likely encountered advertisements for $0 down solar when you started researching home solar solutions in the city. After reading up on $0 down solar, you are not sure what to make of it. Is it real? Can you really get solar for $0 down payment? Are there any caveats hidden behind the benefits it promises? We’ll find answers to these questions today.
The first thing you should know about $0 down solar is that it’s NOT FREE. You will still end up spending money on your home solar system, but you won’t be doing it upfront in a lump sum. That reduces the financial pressure on home solar buyers. Here’s what else you should know about zero-down solar:
No Down Payments. 100% Financing
$0 down solar refers to a solar loan with 100% financing. What this means is that your solar system is fully financed by the financing agency, as opposed to the traditional 75%, 80%, or even 90% financing that most loans offer.
You won’t be paying a single penny upfront for the solar solution. The financing agency will foot the bill for it in full, and you will only make monthly payments spread over several years.
Not all solar buyers qualify for 100% solar financing on their purchase. Only eligible candidates can avail $0 down solar, and their eligibility is primarily determined by their credit score. Generally, a FICO score of 640+ is preferred for $0 down solar financing.
GPE Bonus Offer: No Payments for 2 Years!
You read that right! Green Power Energy is offering a limited-time deal for homeowners in Bridgewater, NJ, who are deciding to go solar. Now, you can buy home solar and start using it to meet all your power needs without making any payment for the first 2 years. That’s no down payment and no monthly payments for 2 years.
Your monthly payments begin at the end of the 2 years from the day of your solar purchase and last for a fixed number of months/years as per your financing agreement.
The best part? You don’t pay any interest for these 2 years of the moratorium period. It just doesn’t get any better than this.
Make A Wise Choice
Yes, $0 down solar is pretty much everything it promises. Just ensure you get it from a trusted and reliable solar company like Green Power Energy, so that you aren’t made any unrealistic promises about how $0 down solar works.