When it comes to financing a rooftop solar installation, homeowners are faced with a tricky decision. Should they opt for a low loan balance or a low payment? Both options have their pros and cons, and it can be difficult to choose between them.
Many solar installers will only present one option or the other, making it even harder for homeowners to make an informed decision.
One option that many homeowners are presented with is a low payment proposal, which often comes with a significant dealer fee of 25% added to the initial loan balance. While this may seem like a good deal at first glance, it can make the overall loan more expensive in the long run. However, it can also translate into a much lower payment, which can be appealing to homeowners looking to save money on their electricity bills.
Another option that homeowners may be presented with is a low loan balance proposal, which may have a slightly higher solar loan payment but does not come with added dealer fees. This can make paying off the solar loan early much more feasible and even result in homeowners getting free energy. But the question is how can homeowners pay off the solar loan balance early?
The secret to early payoff lies in working with a solar company that pays $1000 for referrals. Most homeowners buy solar through a friend or colleague referral, so if you choose option B, and get a low loan balance and slightly higher solar payment, then you can, in a short time, with a tiny bit of sweat equity, pay off the solar system.
In conclusion, when it comes to financing a rooftop solar installation, homeowners are faced with a tricky decision. Both options have their pros and cons, and it can be difficult to choose between them. But by understanding the difference between a low loan balance and a low payment proposal and working with a solar company that pays $1000 for referrals, homeowners can make an informed decision and even pay off the solar system early.
If you are a homeowner looking to switch to solar energy, consider reaching out to a solar company that offers referral bonuses and ask about low loan balance options.