How do solar programs work?
This bill amends the Federal Housing Enterprises Financial Safety & Soundness Act to require both the Federal National Mortgage Association & the Federal Home Loan Mortgage Corporation to develop underwriting guidelines for financing residential solar energy systems to facilitate the secondary market for mortgages on housing with such systems for low- & moderate-income households. Reference
This bill requires the Department of Energy to establish a loan & grant program for photovoltaic solar (solar panel) installations in low-income & underserved areas for FY2018-FY2032. Reference
This bill amends the Internal Revenue Code to increase for 2 years tax credits that apply to solar property with a nameplate capacity of less than 20 kilowatts. The increases apply to the investment tax credit & the tax credit for residential energy efficient property expenditures. Reference
This bill requires the Department of Energy (DOE) to establish a program to expand community solar options to individuals, particularly individuals that do not have regular access to onsite solar, including low- & moderate-income individuals. Reference
Purchasing a solar system is a cost-effective & rewarding option, whether you have the ability to pay in full upfront or through a personal or home equity line of credit.
Solar loans allow homeowners to own the solar system, & pay for it over time. We help you find the right lender & a competitive rate through our network of partners.
Many homeowners prefer to lease the solar equipment. Our partners can connect you with a lease provider who owns, installs, & maintains the system for you.
A solar Power Purchase Agreement (or PPA) is a contract to buy solar power based on a set rate for the electricity the solar system produces. Similar to a lease, with a Power Purchase Agreement, a finance partner owns, installs, & maintains the solar panels on your roof. Unlike a lease, you pay for the solar power you produce.
