Financial Help for a Solar Panel Loan

Everyone should be able to take advantage of renewable energy and have the ability to upgrade their home.

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Finance for Solar Panels With No Upfront Costs

Now, it’s easier for you to get a solar panel system for your home. Cost won’t be an obstacle when you get help from a solar financing company like Sparrow Electric. Here’s what we take pride in at Sparrow Electric: no upfront costs and no out-of-pocket expenses, and here’s how it works.

What You Need to Know About Solar Panel Loans

We install enough solar panels on your home to essentially generate enough electricity to replace your power bill.
Once you’ve made the decision to get a solar panel system, the next step is to come up with a plan on how you’ll pay for it. Like most of us, you probably don’t have the cash to buy your solar panel system upfront. That’s why there are financing options available to help you upgrade your home with a solar panel system and start boosting the value of your home.

Even though solar panel technology costs are decreasing slightly, and governments keep offering tax credits and other financial benefits, we understand that a routine solar panel system installation can still cost a lot of money. Money that most of us don’t have. But that’s why Sparrow Electric can help with a solar loan. Using solar panel loans, you can finance your project with no upfront costs, and replace your utility bill monthly loan payment that’s less than your old power bill. And once your loan is paid off, you come out ahead.

The simplest way to get capital to go solar is through a loan, which can help you save long term. Solar finance is similar to most home improvement loans. With a solar panel loan, you can make the luxury upgrade you want without any upfront costs. With a solar loan, you pay a fixed monthly payment that is determined by examining the amount of electricity the solar panel system is expected to generate.

And the great thing is that the solar on your roof is going to add value to your property. It’s been found that home buyers across the country have been willing to pay more for a home with an average-sized solar panel system. In addition, homes with solar panels sell quicker than those without solar panels.

Homeowners who are interested in getting solar installed have a lot to think about in regard to a solar loan, but the end result is worth it. You get cleaner, more affordable energy that has the potential to greatly increase your home’s value. A solar panel loan is designed to help homeowners get the financing they need so that they can get a solar panel system installed. Then instead of paying out of pocket for your new system, you pay off the solar panel loan over the course of several years.

According to various solar resources, it’s estimated that a solar panel system can save American homeowners more than $1,300 in electricity each year. This means that homeowners can save significantly. The only downside to this, though, is that a solar panel system comes with an expensive upfront cost, but this is where a solar panel loan can be beneficial. At Sparrow Electric, we’re here to help homeowners throughout the nation obtain financing so that they can upgrade their homes with solar panels.

With a solar panel loan, you’re able to get the project started in a shorter period of time, rather than waiting for your savings to pay for the project. To help you move faster, Sparrow Electric can help you with a solar panel loan so that you can benefit from renewable energy.

Payment Savings Plan

Now you can switch to solar energy. Through solar panel financing, there are no upfront costs or out-of-pocket expenses. Sparrow Electric can help you access the financing you need so you can get started today.

Our Financing Process

At Sparrow Electric, we streamline the financing process so that you’re able to benefit from solar panels on your home. Here’s how it works:

Help Secure a Solar Loan

Come to Sparrow Electric and we can help you get approved for a solar loan.

Install Your Solar Panel System

Once approved for financing, your system gets installed.

Enjoy Solar Saving

After the installation, you’ll reap the benefits of solar savings

Now You Can Upgrade Your Home With Solar

When there’s access to finance solar panels, more and more people can begin using renewable energy and slashing their utility bills. Sparrow Electric is here to help you avoid upfront costs for the most advanced solar panel systems on the market.

Solar Financing That Benefits You

It’s all about having the ability to install solar panels for your home with no upfront costs and out-of-pocket expenses. With a solar loan from Sparrow Electric, we make it to where your monthly loan payment is less than what you're spending on electricity every month. Let’s get rid of that power bill and upgrade your home today.

We Deliver Service You Can Trust

Solar power is becoming more and more popular across the country, with thousands of homes installing panels each year. There has never been a better time than now for homeowners to get solar power. We help you with the financing and installation no matter where you live in Texas or Utah.

Select the state you would like to schedule an appointment within:

Frequently Asked Questions

When you lease a solar array you benefit from a lower monthly payment however you don't own the panels. This is where a solar lease can help. When you lease, you'll be able to take advantage of a solar panel system without having to fork out the costs. Sparrow Electric requires no money down. You'll then pay a monthly bill for the solar loan (which is lower than what you'd pay for your power bill).

The unfortunate truth is that not all homes can have solar panels, but if you’re interested, Sparrow Electric can come out to your property and perform an inspection. Things like house location, the angle of your roof, shading, and the age of your home are all factors.
Additionally, condos and townhomes typically don’t qualify, because you don’t own the roof (it’s shared with multiple homes). And if you own a mobile home, it’s possible to go solar, but there are factors for mobile homes that need to be considered.

This answer varies. It will depend on the size of your home, how much energy is needed, the weather in the area, and how much sunlight you get. When Sparrow Electric is inspecting your property, we will determine what is needed.

Since most states offer tax exemptions for home solar panel systems, you’ll more than likely not have to pay extra for the potential value you’ve built for your home. This is one of those beneficial areas that most people don’t think about.

Solar panels have a useful life of 30-40 years, and at Sparrow Electric we offer a 25-year warranty. With proper maintenance, your solar panels can be efficient for a long time.

Solar panels are extremely durable and are built to withstand the weather. We’ve found that solar panels are still good and efficient after they’ve been exposed to hurricanes, hail, high winds, etc.

While the answer isn’t a straightforward “yes it will boost your home’s value,” it is shown that homes with a fully functioning solar panel system do sell more easily.