Solar Financing:
Understanding Your Options
The decision to switch to solar power is heavily influenced by financing options. Fortunately, there are a range of financial solutions available to make investing in a solar panel system simple and cost-effective.
Financing FAQ's
Q Can I afford to go solar?
If you can afford to pay your electricity bill you can afford to go solar. Costs have come down by almost 70% in the last 10 years, making them more affordable than every. And $0-down solar financing options make it easy for homeowners with good credit to go solar.
Q Will solar work for my home?
The answer varies on a case-by-case basis, but meeting specific qualifications can increase your chances of eligibility for solar power financing. Homeowners with an average monthly electric bill of approximately $100 are usually more likely to qualify. Our friendly team is here to support you through the pre-qualification process, assisting you in determining if solar energy is the ideal solution for your home.
Q Is it better to lease or buy?
At LivSmart, we know that no two situations are the same. That's why we offer a range of flexible options to accommodate your unique financial preferences. Whether you're interested in buying or leasing, our dedicated team is here to guide you towards the path that best aligns with your needs. With our extensive network of installation partners, we can offer attractive zero-down financing options at competitive rates. And if leasing is what you prefer, we can provide access to exceptional rates on leases and PPAs.
Q What kind of credit score do I need?
Our goal is to ensure that solar energy is within reach for everyone, which is why we make it our priority to offer affordable and accessible options. If you have a credit score as low as 600, you may still be eligible for solar financing with us. Unlike some competitors that set a minimum FICO score requirement of 650 or higher, we believe in providing opportunities for all individuals to go solar. Thanks to our partnerships with top financing companies like GoodLeap and Sunrun, we are able to provide some of the best solar financing options available in the industry.
Q Do I need to put money down?
Certainly! Our selection of zero-down financing plans is one of the main reasons why homeowners love going solar with us. We're here to make the transition to solar energy as seamless and affordable as possible for you.
Q What rebates and incentives are available?
Understanding the various solar rebates and incentives available can be a bit overwhelming, especially since they vary depending on where you live. The federal investment tax credit (ITC) is a major player, allowing you to deduct 30 percent of your solar energy system costs from your taxes. Some states go even further by offering additional tax credits, and certain municipalities and utilities provide cash rebates or incentives. Let the experienced team at LivSmart guide you through the different programs that exist in your area.