O down fincancing solar company

Do solar loans have zero down payment?

And many of those solar loans come with zero down payment. In fact, some homeowners with the means to pay cash choose to finance with a solar loan instead. That’s because a solar loan can provide immediate energy cost savings and leave more cash in your pocket. In this article, we’ll explore the basics of solar loans, including:

Which companies offer zero down solar?

Zero down solar is an option that depends on the type of financing you choose. If you're considering a loan, most solar installers – big or small, national or local – can handle it. You can simply go to a bank or credit union and take out the loan yourself, then have them install the system.

Should I get a solar loan with no dealer fee?

A loan with no dealer fee may have a higher interest rate, but in most cases, you'll pay less for your panels overall if you select this option, mainly because solar loans aren't usually held for the entire loan term (most homeowners pay off their loans in seven to nine years).

Is zero down solar a good idea?

Zero down solar financing is more affordable and accessible because it eliminates the high initial cost. However, it's important to note that you will end up paying more for a financed solar system both starting out and over the life of the loan.

Should you buy a solar system with no down payment?

Although the idea of having no down payment is appealing – especially for big-ticket purchases like cars or solar panels – it’s important to understand the overall financial commitment you’re making before spending tens of thousands of dollars on a solar system that you’ll rely on for more than two decades.

Should I take out a loan to pay for my solar installation?

In fact, a loan from a bank may often be the smartest choice when taking out a loan to pay for your solar installation. While solar-specific loans tend to have low interest rates, they often come with expensive dealer fees baked into the loan contract, which can cancel out the benefit of the lower interest rate.