FINANCING OPTIONS

financing options for solar
financing

A Number of Options

There are a number of financing options available when considering a solar energy system. Haleakala Solar is well versed in this area and can help guide you through the choices available to you.
Here are some of the most common:

OPTIONS FOR SOLAR HOT WATER & PHOTOVOLTAIC

Traditional Cash Purchase

Purchase a solar energy system outright with cash, with 50% down and the balance due upon completion. This can be a considerable upfront investment, but allows you to avoid paying interest and financing fees.

Loans

Homeowners may be able to borrow against the value of their property through mortgage refinancing or a home equity loan with a local bank, credit union or third-party. Many financial institutions in Hawaii support sustainable energy and have “green energy” loans with interest payments that are often tax deductible. Haleakala Solar has worked with a number of financial institutions throughout the state and can help guide you through this process.

 
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