First and foremost, SAVING MONEY; whether long-term or short-term. Additionally, helping the environment, protecting yourself against energy rate increases, and bogus fees that energy companies charge. You’ll know exactly what your monthly bill is for power. If you own a business, TAX CREDITS!
Yes you can. A payment schedule of 55% at signing, 40% at install, and the final 5% upon turn-on (Permission To Operate; PTO). You can pay it in full up front though.
Yes you can. Every $1,000 down usually reduces the payment between $6-$8/mo. It makes more sense to leave money down if your loan amount exceeds what the lenders will provide. Ex. Lender 1 has a $50,000 limit and the system is $54,000; the homeowner can pay $4,000 up front and finance the $50,000.
You will be financing the solar panels just like you finance a car. Essentially, this will not be adding to your monthly debt because you will be replacing your electric bills for a fixed solar bill.
You are going to pay the costs associated whether you go solar or not because you will have to deal with an increasing electricity bill year after year. The entire system is set up to build a system that will cover your electric needs which you will produce on your own, and replace your electric bill. You are currently in a never ending lease with your utility company anyways.
All of our options are open ended. The most common industry terms are 20 yr 2.99%, 25 yr 2.99%, 20 yr 3.99%, and 25 yr 3.99%; we also have a few credit unions that we work with that each have varying interest rates.
It varies from area to area but on average you can expect an immediate increase in home valuation of about 4-6% as a conservative figure. Not to mention, if you are trying to sell your home having solar will make it stand out from other homes for sale in the area.
Even better reason to have solar. It’s the #1 search on Zillow right now and it will differentiate your house from your neighbor. Please check with your specific market/lenders but most solar loans are transferable if the buyer qualifies.
The federal government is offering a 26% for 2021 through the end of 2022 for residential and business installations. This credit only reduces your tax liability to the government you are not getting a physical check in that amount. The property owner is expected to put the money that they are saving from having to pay taxes into the cost of the solar system essentially as a “down payment.”
The panels typically last 25-30 years. Please check market for specific warranty offering but typical warranties are 10 year install, 12 year inverter or 25 year inverter depending on the equipment used, and all our panels are 25 year production warrantied & monitored.
We need to collect your electric bill so that we can build a system based off of your 12 month usage. If you need more panels in the future, your system is plugn-play (extra cost will apply). You will remain connected to the electric grid through their “net-metering” policy; so if you ever use more energy than you produce it will automatically be purchased from the electrical company and you will be billed accordingly. This also means if neighborhood service is interrupted, yours will be as well unfortunately.
We won’t ever be able to completely eliminate an electric bill unless the system is off-grid. It is important to set expectations that there will be a financed loan payment for all of the equipment and you will still have a very minimal electric bill each month that you can expect.
1) A sound roof without damages
2) Enough light exposure and ensuring the roof isn’t covered by trees
3) A 600+ credit score since this is 100%, $0.00 out of pocket
4) Enough usage on your electricity bill to make the savings worthwhile.
Everything! There aren’t any hidden fees or fees that will come at a later time. Permits, site survey, blue prints, CAD design, panels, electrical components, install, warranty, AND panel monitoring!
Usually a 150A to 200A breaker panel will suffice. The cost to do an upgrade on your own can be between $1,500 – $3,500. We can finance the cost of the electrical upgrade into the cost of the solar system as well.
After you are approved it’s a 6 step process from start to finish. Installs take between 45-60 days conservatively through the entire process. Usually city inspection and electrical company inspection take the longest.
We do rail-based installs for pitched roofs, weighted ballasted systems for flat roofs, metal roofs, tilt mounts, clay roofs, and ground mounts for properties with more space.
Once you’re happy with the info you received we just need to qualify you to put you in line. This consists of a credit app, loan docs, and a form of purchase agreement. Additional documentation may be required.
We use top rated panels for our installations. This means it can withstand moisture, harsh winds up to 140 mph, hail up to 2 in, and certain other abuses.
For residential installs we typically use a 400 watt – 440 watt panel; it depends on availability. Brands include Canadian Solar, Q-Cell, and Hyundai. For commercial installs we typically use a 430W to 530W panel.
Depending on the size of the job we use either Solar Edge brand or Enphase micro inverters. If we are installing a battery we go with SolArk.
Yes. We will default to what is readily available in our inventory but you can request a certain panel (contingent on market availability); additional costs may apply.
Panels will not be installed until your roof is replaced but we can still qualify you for the financing which the approval lasts 180 days even if your credit score goes down. We can also perform a detach and reset in the future if your roof needs to be replaced and you have a solar system installed. Insurance usually covers the cost of your detach and reset.
The panels will be “detached and reset” which will be included in the cost of the insurance claim; approx. $190/panel. If you decided to change the ascetics (color, material, etc.) of your roof at any point, you would just be responsible for the detach and reset fee per panel out of pocket.
No you cannot the panels will stay with the home; unless you pay cash or pay off your entire system. Once you own your system you can do as you please with it as long as city/county permitting and utility company allows it.
We can enroll you into a credit repair program or try and get you a sub-par lender approval. There are also other options such as refinancing the home or getting your own personal loan.
No. The two options are to either pay cash for the additional panels or you can finance 1 more loan with the same lender but it will be a separate loan and a separate monthly payment/bill.
There has been more solar installed world-wide in the last 4-5 years than has been in the last decade. This is due to the improvement of products, the number of solar companies who are getting in front of homeowners, and all of the available incentives from the state, and federal governments.