Solar Financing: Separating Fact from Fiction
Residential solar panels can often be a smart investment for homeowners. That’s why you need a smart loan to go with it. To get one, you need to be informed about your options and able to separate fact from fiction when it comes to alternative energy financing. We’re here to help borrowers with good to excellent credit does just that.
Fact: You should expect a great rate on a solar energy loan.
Sure, residential solar projects may still be somewhat uncommon, but if you have solid credit, you should never compromise on rate. With LightStream, you can get a fixed-rate solar loan that starts as low as
* APR with AutoPay.
Fiction: Home equity is the only way to get solar installation financing.
Contrary to what you may have been told, it is possible to finance your residential solar project without tapping into your home equity or pledging your assets as collateral. Because we cater to borrowers with good to excellent credit, LightStream’s residential solar loans are unsecured, which means no collateral, and thus a simpler process. There are no fees, down payment requirements or prepayment penalties.
Fact: You should demand the flexibility.
In this case, we’re talking about the flexibility to finance the solar installation project of your choosing, from the contractor of your choosing. Want to augment your new solar panels with some upgraded landscaping? You should have that flexibility, too. When you borrow from LightStream, you do. As its name suggests, the AnythingLoan can be used to finance or refinance nearly anything.
Fiction: You can’t expect same-day funding in this day and age.
If same-day funding is important you, then don’t settle for a lender who isn't willing to offer it. With LightStream, approved borrowers can have cash deposited into their own bank accounts as soon as the same day they apply for their loan.†
This cash-in-hand approach puts you firmly in control of your purchase.
Fact: Great service counts.
Always has, always will. And with LightStream, you’ll always get it. Our virtually paperless, online loan application is simple to complete and you’ll receive a response in minutes during business hours. . We’ve taken the hassles of the traditional loan process and replaced them with a simple, straightforward approach. For good measure, we've backed it up with a $100 Loan Experience Guarantee
If you have additional questions about LightStream Solar Panel Financing loans, please
read our LightStream Solar Panel Financing FAQs.