Five Star Solar has partnered with some of the top financial institutions in solar energy to provide you with the flexible financing options you need to take advantage of the renewable power of solar energy as soon as possible. From low interest loans with monthly payments, to financing your solar installation as a line item on your income taxes, Five Star Solar can pair you with the perfect financing option to go along with your professionally designed and installed solar photovoltaic (PV) system.
Admirals Bank Solar Financing
Admirals Bank is the largest Federal Housing Administration approved lender in the nation. There are two loans you may qualify for, both with a maximum secured loan amount of $25,000:
The Solar StepDown Loan
With the Solar StepDown loan, you can reassess your monthly payment with a re-amortization to lower monthly costs within the first 24 months after your system has been installed. This allows you to adjust for any incentives or energy credits you receive, and reduce your out of pocket costs while paying back the cost installation.
The FHA Title 1 Home Improvement Loan
This secured low-interest loan provides 100% of the funding upfront, comes with flexible term lengths, and has no prepayment penalties.
PACE Financing with Ygrene
PACE financing with California-based Ygrene is an innovative, government approved, and privately run program that allows for you to borrow 100% of the cost of your solar installation with no money down. Plus, the cost can be spread out over up to 30 years. The kicker? You do not make monthly payments; you pay it back as a line item on your property tax bill. What's more is if you sell your home, the payments stay with the home! The maximum amount you can borrow is based on the value of your home, with a fixed low-interest rate.
Hurry & Take Advantage of the Sun (& the savings)
If you have been waiting for just the right time to install solar panels on your home or agricultural property in San Joaquin county, Stockton, Manteca, Lathrop, Ripon, or the rest of California’s Central Valley, 2019 is the year to pull the trigger. With the federal tax credit still available for systems installed before the end of 2019, you can take 30% of the cost of your installation and deduct it from what you owe on your federal taxes. It all starts with a free, no-obligation solar evaluation from the Central Valley solar experts at Five Star Solar!