Hello, home equity.
According to Forbes, homes with a solar-panel system have been selling for about 5% more than similar homes without solar power. Depending on the resale value of your home, this can be quite the payday. And if your system is insanely productive and covers all demands of your home, that percentage could skyrocket.
Every panel and dollar matter.
The National Renewable Energy Laboratory (NREL) has one of our favorite stats. Each dollar that a solar panel saves you on your traditional electricity bill increases the value of your house by $20. With the right system, those savings could skyrocket, and so could the resale value of your home. Because of this very reason, demand for solar is at an all-time high. This is likely due to the financial incentives as well as the positive environmental impact. So if you can make green while you go green, that’s a win-win in our book.
You can even use your home’s equity go solar.
With a home equity loan, you finance renewable energy projects with money from the equity in your home. Banks may lend you up to 85% of the equity in your home, and since your property can be used as collateral, your interest rate would be much lower when purchasing solar panels.
We’ve got everything you need to go solar, all under one roof.
