How to Get Solar Loans For Solar Panels

how to get a solar loan with loanpal lender solar energy panels

If you're thinking of making the switch to solar at home, congratulations! You're part of the green revolution, making a choice that is good for the planet and your bank account.

Installing solar panels at home becomes more affordable every year. Combined with US tax credits, and reduced spending on your monthly energy use, this can mean big savings for you.  

But, installing a solar energy system in your home is still a significant investment. Solar loans give you the option to break this cost down, paying less upfront, and allowing your solar investment to pay itself off slowly.

Keep reading to learn how to get approved for solar financing through Loanpal, the green-energy lending specialists.

Securing Solar Loans

How much your solar system costs will depend on the size of your home and personal energy consumption. But, the average system totals up to anywhere between $10,000 and $20,000.

The good news is that you'll pay less after tax credits, and most home solar power systems pay for themselves in a matter of years.

While taking any kind of loan for home improvements might sound scary, this one is actually an excellent investment. Solar loan interest rates are often far lower than those offered for other types of home improvements! 

Loanpal Can Help

When it comes to solar loans, Loanpal is the industry expert. With over 28 billion dollars in approved loans and 18 years of experience in all 50 states, they are a company you can trust.

Their solar loan calculator can help you determine how much you'll qualify and what to expect in interest rates. This handy tool will help you determine a budget for your project before you even start shopping for contractors. 

If you already have a solar loan and you aren't happy with the terms, they also offer options for a solar loan refinance. Lower monthly payments and reduced interest rates are just a few mouse clicks away. 

Follow These Financing Steps

If you're ready to get the loan process started, follow these steps:

First, you'll need to fill out a customer application. This step only takes a few minutes, and it will help calculate your exact rates based on personal details.

The Loanpal platform works anytime, anywhere, and on any device, so you can easily apply from the comfort of your own couch.

Next, you'll stand by and wait for loan approval. Loanpal's fast and frictionless underwriting process takes just a few seconds, so you'll know the results right away. 

Once you've been approved, Loanpal's fast funding system will transfer the payment directly to you. And, with same or next-day funding, you'll be ready to start your project in no time.

With Loanpal's help, you might be able to make the switch to solar for $0 down.

Plus, this lender guarantees their interest rates are the lowest around, and offers price matching to prove it. They also guarantee the terms and rate quoted at closing so that you won't run into any surprises later on.

Get Started Today

If you're feeling ready to get started with solar power at home, don't wait! Low prices, big tax benefits, and low-interest rates on solar loans make this the perfect time to take action.  

Once you've made the switch to renewable energy from smart solar loans and broken up with those high monthly electric bills, you'll never consider traditional power again.

Check out the rest of our blog posts for all the latest on business, health, lifestyle, and technology. We have plenty of other articles on solar loans, renewable energy, solar power, and business sustainability.

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