Get Started Now
First Name
Last Name
State
Postal Code
Loan Type
Property Value
Mortgage Balance
Credit Rating
Phone
Email

How to Finance a Solar Energy System with a Home Equity Loan

Your home is your castle, and turning it into the best home it can possibly be is important for anyone. Not only can certain improvements help increase the way you enjoy your house, but they can also help improve property values and raise equity as well. One improvement that is getting more and more attention is the installation of a solar energy system.

Of course, a good system isn't free. If you want to install one on your home you'll most likely have to find financing for it through a good loan. Luckily you have several different options available to you. Here's a rundown of some of the best ways to finance your solar energy system.

  • Home Equity Loan – A home equity loan can be used for virtually anything you like, but smart homeowners will utilize it to help improve their property – including with the installation of a solar energy system. Your ability to secure a home equity loan will be based on the amount you owe on your mortgage compared to its overall value as well as your credit score. It's well worth shopping around to find the best home equity loan since there are plenty of options out there.
  • Home Equity Credit Line – A home equity credit line is very similar to a loan, but instead of getting the entire sum up front you'll be given what is essentially a credit card. You'll pay fees and interest on only what you have used, making it a very popular choice among home owners. As with a home equity loan, you'll have a number of options and rates and terms will depend on various factors. Your best bet with either option will be to speak to a lender and determine what your best loan path is and which will work best for you.
  • Specialized Loans – Some companies are actually focusing solely on green energy loans and on home improvement loans that focus on installing solar energy. This is really taking off in California with companies like Ygrene, but there are plenty of other lenders throughout the country with this kind of environmentally friendly lending focus.
  • Government Incentives – Never overlook government incentives when you're considering upgrading to a solar energy system through a home equity loan. State and federal incentives do exist, and can provide you with automatic rebates, assistance repaying loans, and deductions on taxes if your loans are spent on things like solar installation.

Find Lenders that Finance Solar Energy Systems

Get Started Now
First Name
Last Name
State
Postal Code
Loan Type
Property Value
Mortgage Balance
Credit Rating
Phone
Email

Learn More About Home Equity Loans for Solar Energy from Experienced Home Equity Lenders

As mentioned above, the sheer range of options means that talking to a professional is a good idea. They can help you understand what kind of government incentives are available to you as well as which types of loans are the best choices for you to use.

Solar energy systems can boost your home values, raise equity, lower energy bills, and make you feel better about where you call home. As such, they're a good choice when you're looking for a remodeling program that will reward you in a tremendous number of ways – financial and personal.

Free Loan Quote

Cash Out Home Equity Loans
Home Equity Loan Refinance
Home Equity Loans for Bad Credit
No Equity Home Loan
Hard Money Mortgage Refinance
Loan Programs

Mortgage Refinancing

Cash Out Mortgage Refinancing
Refinancing with Bill Consolidation

Mortgage Rates

Home Equity Loan Rates
30 Year Fixed Rates
Home Equity Interest Rates

Bad credit equity lines and loans are available for borrowers that can document promise.

HomeEquityMart.com is pleased to announce a new sub-prime product that offers home equity lines for people with a poor credit history.
HELOCs Starting at $10,000 Mortgage Directory

Mortgage Calculator

Home | Application | Disclaimers | Site Map

Copyright 2005 - 2014 and Beyond! HOME EQUITY MART - All Rights Reserved.
308 East Park Avenue, Suite 214 Tallahassee, Florida 32301