Central New York there are so many ways to finance the installation of new solar panels. We will try to explain a few of the more popular financing options. Financing solar and wind projects is one of the fastest evolving segments of the renewable energy revolutions. Most financing options are relatively new.
With a very low interest rate NYSERDA has the Energy Smart Loan. The Energy Smart loan offers interest rates at 3.49 percent for those choosing to enroll in automatic bill pay and 3.99 for those that pay monthly.
One of the most controversial financing options for installing solar panels is called leasing. In our opinion leasing is only good for the selling company and not good for the owner of the system. Our financial opinion is to own assets and lease expenses. In this case a solar system is an asset that will make you money far longer than a lease will last. After a lease has ended you maybe forced to purchase that system outright or sign up for a whole new lease.
If the low up front cost appeals to you then try out ZERO DOWN home loan where your interest is tax deductible and you can search loan terms as long as 20 years. Plus our special ZERO Down solar panel financing will give you the option of keeping your tax credits when you receive them or applying them to your loan and adjust your payment accordingly.