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Solar Loans

At Lumina Solar, we are dedicated to exploring loan options that make solar work for you. Our team of expert solar representatives will work closely with you to explore the useful solar loan and finance options available in order to formulate a financial pathway that fits your individual needs.

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What Is a Solar Loan?

Solar loans allows those with different budgetary needs to be able to afford an installation of a solar system on their property. These loans also permit for the eventual ownership of the solar system as well as meeting the criteria to qualify for the tax breaks available for solar owners. Pay for your solar panels over time with an affordable monthly rate and a $0 down payment.

DJI_0548

What Is a Solar Loan?

Solar loans allows those with different budgetary needs to be able to afford an installation of a solar system on their property. These loans also permit for the eventual ownership of the solar system as well as meeting the criteria to qualify for the tax breaks available for solar owners. Pay for your solar panels over time with an affordable monthly rate and a $0 down payment.

How Do Solar Loans Work?

Solar loans work similarly to other common loans, such as mortgages. You will pay more money toward the loan each month until your panels are paid off and you own them outright. As opposed to solar leasing programs, when you take out a loan for your panels, you will still qualify for relevant tax breaks on solar. It’s a simple, effective way to afford solar panels in PA, MD, VA, or DC. 

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How Do Solar Loans Work?

Solar loans work similarly to other common loans, such as mortgages. You will pay more money toward the loan each month until your panels are paid off and you own them outright. As opposed to solar leasing programs, when you take out a loan for your panels, you will still qualify for relevant tax breaks on solar. It’s a simple, effective way to afford solar panels in PA, MD, VA, or DC. 

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Types of Solar Loans

 Your journey to converting to clean, renewable solar energy becomes accessible and cost-effective with the diverse range of solar loans available. If you have a mortgage on your home, you can use a home improvement loan by borrowing against your home’s equity or using a HELOC (home equity line of credit). Another option is secured personal loans. Lumina Solar allies with several companies that provide financing options to help with your solar installation. Unsecured personal loans are also available but without the added benefit of the loaner being aligned directly with Lumina Solar. All of these options can be formulated to craft a plan with a monthly payment that is typically less than the average monthly energy bill.

DSC08423

Types of Solar Loans

 Your journey to converting to clean, renewable solar energy becomes accessible and cost-effective with the diverse range of solar loans available. If you have a mortgage on your home, you can use a home improvement loan by borrowing against your home’s equity or using a HELOC (home equity line of credit). Another option is secured personal loans. Lumina Solar allies with several companies that provide financing options to help with your solar installation. Unsecured personal loans are also available but without the added benefit of the loaner being aligned directly with Lumina Solar. All of these options can be formulated to craft a plan with a monthly payment that is typically less than the average monthly energy bill.

Advantages of Solar Loans

Own Your Own System

By taking out a solar loan you grant yourself the advantage of owning your solar system while accessing affordable, monthly payments.

$0 Down and Low Interest Rates

If you qualify, you can get your solar system installed and begin saving on your monthly energy bill immediately with $0 down, all with low interest rates.

Maintenance and Warranty

Protect your system from potential damage with long-term maintenance and warranty. Alleviate all worry from paying for repairs and maintenance.

Maximize Your Incentives

By choosing to pay for your solar system with a loan you become eligible for the best of incentives offered. This includes the Federal Investment Tax credit, net metering and solar renewable energy credits.

Advantages of Solar Loans

Own Your Own System

By taking out a solar loan you grant yourself the advantage of owning your solar system while accessing affordable, monthly payments.

$0 Down and Low Interest Rates

If you qualify, you can get your solar system installed and begin saving on your monthly energy bill immediately with $0 down, all with low interest rates.

Maintenance and Warranty

Protect your system from potential damage with long-term maintenance and warranty. Alleviate all worry from paying for repairs and maintenance.

Maximize Your Incentives

By choosing to pay for your solar system with a loan you become eligible for the best of incentives offered. This includes the Federal Investment Tax credit, net metering and solar renewable energy credits.

Expert Team, Excellent Products

Our Solar Representatives are committed to providing you with the best customer service and premier products to ensure that your process of switching to a solar energy system is stress-free and affordable.

By creating individualized financial plans, we make converting to solar a realistic endeavor that will minimize the impact on the environment and your wallet. Our product selection is tailored to match the quality of our service, with the best panels, inverters, batteries, and racking systems in the industry. 

Eric O.

I spent months researching Solar companies before deciding on Lumina and I couldn’t be more pleased. They were honest, efficient and the installation is excellent, both in how it works and the aesthetics. I own a historic home and Lumina took great care to hide every conduit and wire from sight. They have been equally helpful with the process to file for all the grants and tax incentives coming my way. Everyone was friendly, respectful and eager to answer my many questions… I am happy to recommend Lumina for anyone starting their solar journey.

Brad F.

Lumina was great to work with. They were incredibly helpful throughout the entire process.
 

Ready to See If Solar Works for Your Property?

Find out how solar energy can be a beneficial investment for you. Call or click to get a free quote and begin your solar journey today!

Ready to See If Solar Works for Your Property?

Find out how solar energy can be a beneficial investment for you. Call or click to get a free quote and begin your solar journey today!

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