Solar Financing
The way to Think about financing your solar power system is that it's as an investment that will ultimately save you money. Consider that the average electricity bill for a home is over $100. If you transition to solar power, you lock in your electric rate for the next 20 years. The large utilities have requested to raise base rates approximately 15% - 20% in 2012 alone!
When we analyze the financial benefits of solar power for homeowners the following factors typically come into play:
- Cost of the system
- Current monthly electricity bill
- Historical rate increases (used as a model for future rate hikes)
- Warranty (expected lifespan of the solar panels and other equipment)
- Federal and state incentives
- Cash purchase vs. financing options
Like any investment, research is what will lead to the best ROI. At SCT&E we pride ourselves on our ability to deliver a no-pressure, accurate, in-depth analysis to our potential customers with our free no-obligation home solar assessments.
Southern California Telephone & Energy uses American- and German-made products.
Solar Residential Financing Options
No Money Down Program Qualifications:
- Must be Home Owner
- No Credit Score required
- Must be current on property taxes for past 12 months and certify that property taxes have not been late more than once during prior three years
- No late mortgage payments on the subject property in last 12 months
- No bankruptcy filing for past seven years
- All mortgages may not exceed 80% of estimated property value
Special Financing Qualifications:
- Must be Home Owner
- Credit Score of 680 or better
- No late mortgage payments
- No Foreclosures
- No Bankruptcies
Possible Financing Options:
- Low or zero up-front costs
- 20 - 25 year Service Contract that stabilizes your energy bill
- Worry Free, Energy Savings Monthly Service
