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:
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.
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.