Homeowners can roll their solar or sustainable home upgrade loans into one home refinance loan that can help them save even more hard-earned money.

Solar lending comes in many different forms and can finance 100% of the cost of a solar installation. Many loan providers offer low monthly payments or zero-money-down options depending on your situation. Here are the most common types of loans:

• An unsecured personal loan
• A home equity loan or line of credit
• In-house solar financing through your solar installation company

For the most part, the terms and conditions of solar borrowing reflect those of any other standard loan. More specifically:

• Securing a lower interest rate means having a lower overall cost to borrow.
• A shorter loan term generally means higher monthly loan payments, but a lower overall cost to borrow.
• The loans available vary in interest rates, term lengths, loan amounts, credit requirements, etc.

Solar loans provide an outstanding opportunity for homeowners to enjoy the perks of system ownership without having to spend an uncomfortable amount of money upfront. Though the overall value loans provide is slightly lower than a cash purchase, the overall savings are significantly greater than a solar lease.