Solar Panel Loans

  • Overview

    Solar Loans

    Take advantage of Alaska’s long summer days by installing solar panels. Spirit of Alaska is now offering loans for solar panel installations.

    Government rebates and incentives are ending in a few years for new solar panel installations. Now is the time to maximize your investment in solar technology. Prices have fallen substantially, making home solar installations a real way to lower energy bills permanently.

    Alaska has some of the highest electrical costs in the country. Connect your solar panels to GVEA’s Snap program to offset your electricity bills, or install a contained system to power your water heater.

    A solar panel installation can help you save thousands on your energy bills over the course of their 25+ year lifespan.

     

    A loan to finance the installation of a solar panel system on your home

    • Take advantage of lower prices on solar panel systems
    • Federal tax breaks and credits are still available through 2021
    • Offset solar system loan payments through electrical bill savings
    • Enjoy more control over high electricity costs
    • Join the movement for cleaner energy

    Solar Loan Options

    Home Equity Line of Credit (HELOC)

    Use the equity in your home to finance an upgrade with solar panels. Home Equity Lines of Credit typically offer spending flexibility and easier access to home equity/funds than comparable equity products.

    Find out more about HELOCs

    FHA Title 1 Home Improvement Loan

    These types of loans are for repair, alterations, and site improvements on single family homes. Solar installations qualify as a site improvement! The FHA Title 1 Loan is secured by the federal government as well as your home. You may qualify for up to $25,000.

    Find out more about Title 1 Loans

    What you should know before going solar:

  • Apply Now

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Solar Panel Loan

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