Yes, you can finance solar panels. Mohler Solar primarily works with San Diego Metropolitan Credit Union to provide you with the most flexible solar financing options.
With a variety of financing programs now available to San Diego residents, installing solar panels is more affordable than ever.
San Diego Solar Financing Options
Low interest rates
The lenders with whom we work offer low interest rates that are specially designed for energy efficiency home improvement projects. Specifically, some of the solar financing plans offer rates starting at 4.9% and accept FICO scores as low as 650. Because of these flexible loan options, we’ve helped consumers of wide-ranging financial situations to harness the benefits of solar power in San Diego.
No up-front cash or equity required
Don’t have the extra cash right now to invest in a solar panel system? With most solar financing programs, you won’t have to. Many solar financing options not only offer low interest rates, but in most cases, they also do not require up-front cash or equity.
Flexible terms and attractive incentives
Whether you need 5 or 20 years, solar financing plans provide many terms to suit your unique circumstances. These specially crafted loans have made solar energy systems a realistic and desirable option for countless San Diego residents. If your home or business requires robust amounts of energy, loans up to $50,000 are also available to assist with completely overhauling your energy system.
In addition, the Federal Government is currently offering a 30% tax credit for homeowners who have installed qualified energy efficiency equipment, including solar energy systems. But what does this mean for you?
Simply put, after you file your taxes, you will receive a credit equaling 30% of the total cost of your solar energy system, and according to the IRS, “There is no limit on the amount of credit available for most types of property. If your credit is more than the tax you owe, you can carry forward the unused portion of this credit to next year’s tax return.” (http://www.irs.gov/uac/Newsroom/Get-Credit-for-Making-Your-Home-Energy-Efficient).
However, this tax credit is set to expire in 2016, so be sure to get started on your solar energy system soon.
Ready to get started? Contact us today to begin saving money with your new solar panel system.