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Infinity Energy
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Need some solar lightenment? At Infinity Energy we simplify the solar buying process! Come see how were different than the rest!
Need some solar lightenment? At Infinity Energy we simplify the solar buying process! Come see how were different than the rest!

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For more information visit http://goinfinityenergy.com/faq/ or contact 888.244.2513

So what happens if I move and I have solar? So there are three different options when you go solar. You can sign a PPA or Lease, get solar financing, or go with a PACE or a county program.

Option 1:
A PPA is a power purchase agreement. Its as simple as it sounds. You buy power cheaper than your utility. You don't own the system but you get the lowest monthly payments with a zero investment. Its a great option! Leases are very similar to PPAs except for the payment is fixed throughout the year. So if you like knowing what your bill will be every month a lease is a great options.

When you move the new homebuyer needs to have a credit score of at least a 650 (credit requirements can vary). The new buyer must also take over the contract. This is just like their relationship with their utility. If they want power to the home they need to sign up with the local utility. That's pretty much it! Simple right?!?

Option 2:
There are a lot of solar financing options out there. Some of the best ones out there are Greensky, Enerbank, and Mosaic. They have low interest rates, as low as 1.99%, and short term loans. You must be credit qualified. Greensky even offers a no payment no interest for the entire first year! You get to realize the 30% tax credit as well. Typically your payments will be higher than a PPA or lease but still less than your utility bill. If you are planning on living in your home for more than 5-7 years this is a great option. All of these loan have no upfront investment options so it doesn't cost you anything when you get solar!

When you move the loan will go with you or you can pay it off before you sell the house. Most sellers will increase the value of their home to offset the cost of the solar system. In today's market your system is typically valued at $3/watt. Take 3000 and times it by the kW size of your system and that will give you a rough estimate of its value. This option is a huge selling feature for a home buyer because they will have free electricity on Day 1 depending upon how they take over the system. This is my number one option if you are going to buy solar!

Option 3:
There are a variety of county programs (PACE) that you can go with. This is a great option when you have equity in your home and you don't want to run your credit. The loan also doesn't show up on your debt to income which is nice. You make payments to this loan through your property tax bill. In most cases your solar payment will be lower than your utility bill as well.

When you move their will most likely be a lien on your property that will need to be lifted before you sell your home. This really isn't that difficult to do. They just want to make sure that the new buyer will take over the loan before you sell the house.

So that's pretty much it! If it were my choice I would go with option #2. I like ownership and its really attractive to the new home buyer when you sell your house. Just make sure you get a good deal with a local company and pick out whats best for your situation... Hint: Contact Infinity Energy INC :)

Well I hope that helps! Happy solar hunting!
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Working hard saving customers money in San Jose, CA. See how you can save by going solar! Give us a call at 888.244.2513 or visit us at goinfinityenergy.com
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2016-05-11
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If you are looking into solar Enerbank has a 1.99% with a 12 years loan! With Enerbank you get to take advantage of the 30% tax credit. This is probably one of the best solar loans on the market! They also provide other options with different interest rates. You must have a credit score higher than 650. Infinity Energy INC has provided solar loans for years and would love to talk with you about your options. Please give a call at 888.244.2513 or visit us at goinfinityenergy.com
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www.goinfinityenergy.com If you are looking for solar Greensky financing might be a great solution for you. Greensky offers low interest rates and loans up to 20 years. Green sky also offers a no payment and no interest FOR AN ENTIRE YEAR! Greensky has no money down solar options. You don't have to be the homeowner or your name on the deed to qualify for the loan. Greensky is also a great supplemental solar loan if you are getting a large system. Infinity Energy is specialized in greensky loans and can see if its a good fit for you and your home! Give us a call at 888.244.2513 or visit us at www.goinfinityenergy.com
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If you are looking to go solar California First can be a great option for you! Unlike a traditional solar loan the loan is applied to your property taxes. The interest on the loan is tax deductible. Also if you move the payments can transfer to the new homeowner with their property taxes. The solar loan also doesn't appear on your credit report. You need to have at least 10% equity in your home to qualify. California is available in about 80% of the state of California. Infinity Energy are experienced in California First loans. Give us a call at 888.244.2513 or visit us at www.goinfinityenergy.com
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www.goinfinityenergy.com or 888.244.2513. There are a lot of financing options when it comes to solar. Enerbank offers a 1.99% interest rate on a 12 year loan. This allows you to pay off your solar very quick compared to other finance vehicles that are 20 to 30 year loans. Your payment will typically be lower than what you are paying your utility company and if you offset your solar by 100% you won't have any electricity bills to pay after the 12th year! Infinity Energy specializes in Enerbank loans and we offer a free solar consultation. Give us a call at 888.244.2513 or visit us online at www.goinfinityenergy.com
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