Yes. Go E-Solar Loans act as a second mortgage, which means they won’t touch your first mortgage. No need to refinance your first mortgage if you’ve already locked in low interest rates!
The lenders that we work with currently offer variable HELOC rates, as well as fixed and variable home equity loan rates, depending on your location and project. Fixed rate home equity loans are not available in all states. If you’re not sure which of these you’re interested in, contact us to learn more about the different options that may be available.
After renovation value is the estimated value of your home after your renovation is complete. You can estimate your after renovation value by using the current value of your home, plus the added value of your planned renovations. Homeowners can borrow up to 90% of their home’s after renovation value through a Loan. You can find out your home’s after renovation value by getting an “as completed” appraisal on your home.
Once you collect all of the documents necessary to apply for a Go E-Solar Loan and connect with a lender, it is possible for a loan to close in less than 30 days, but it depends on your unique financial situation and the lender that you decide to work with. Due to COVID-related delays in the real estate lending world today, loans today are taking about 2 weeks for most lenders. Once things return to normal, most homeowners will be able to close in under 30 days with their lender. We cannot guarantee that you will be approved for a loan with any of our lenders, or in any specific time frame.
No, a lien will not be placed on the home. A mechanics lien is placed on the solar panels, this is called a UCC lien. This means the solar panels are used as the collateral for the loan. It is easily lifted from the title when you go to refinance or sell the property.
No! You will see immediate savings as there is no down payment required to purchase solar through Powur!
Most of the solar finance options require between a 640 and 650 FICO credit score.
The savings are immediate! We help you eradicate your energy bill with ZERO upfront cost. You immediately save 5 – 55% of your average electric bill!
30 year ‘bumper to bumper’ warranty. $0 deductible. Panels, inverters, racking, wiring, workmanship, roof penetrations, battery (if applicable)
You can include roof work in your solar financing! This is a great way to save on upfront costs and spread your roof repair costs out over the term of the solar loan. AND take advantage of the 26% federal tax credit for solar!
No! We build your solar proposal above your average usage in an effort to completely eradicate your electric bill!
If you add a battery! When you go solar you are still hooked up to the main power grid, but rolling a battery into your package will store your extra power collected from your panels. This will help give you peace of mind when power outages hit your neighborhood.
Yes! 26% federal tax credit!
There are multiple solar financing terms to choose from! The most popular is 20 years so you can keep your payment as low as possible. However, there are 10 and 15 year options as well.
The solar loan is transferable! The only requirement is that the buyer must have a minimum 640 fico score.
They do through alternative financing options (pace program) , secondary / vacation homes do qualify as well.
Just a copy of your most recent electric bill!
We partner with Solar companies and Home Improvement contractors to secure financing for solar systems and home improvement projects.