Financing Your Solar Investment
A solar system is an investment in your home
or business that will provide more than twenty years of service. It is
common for home and business owners to finance such investments. In Southeastern
PA, there are currently several ways to finance solar energy systems.
Grants and Financing
SDF Solar PV Program -
The Board of Directors of the
Sustainable Development Fund (SDF) has approved a program to support the
purchase and installation of solar photovoltaic(PV) systems in the PECO Energy service territory.
Since 2001, the program has provided grants for PV systems, and a variety of consumer loans and
financial incentives. For more details, see the
SDF Solar PV Program announcement.
Solar Energy and Energy
Efficiency/Conservation Loans
SDF Solar/Energy Star® Consumer
Loan Program - The Philadelphia MSR Partnership is working with the
Sustainable Development Fund (SDF) to make more solar financing options
available. This particular loan program is in its final stages of development
and will be available very soon. It will include financing for the purchase
and installation of photovoltaic, solar hot water systems and other cleaner
energy systems, as well as energy conservation/efficiency upgrades to existing
and newly constructed residences and small commercial buildings.For more
information, contact:
AFC First Energy Loan Program
- AFC First Financial Corporation has extending their current energy loan
program to include solar PV and solar hot water system installations. For
more information, contact:
Home Improvement Loans
HUD Title I Loans - - In the
City of Philadelphia, contact the PHIL Loan Program for 3%, 6%, & 9%
solar-eligible home improvement loans available from the City's Redevelopment
Authority (RDA) through:
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PNC
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215-585-8657
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First Union
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215-973-3885
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Mellon
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215-553-0157
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Mortgages
Energy Efficient Mortgages
- Some lenders credit the utility bill reductions from residential energy
improvements with various benefits. Contact:
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Chase
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800-CHASE82
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Countrywide
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800-877-LOAN
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GMAC
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215-682-1851
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EPA's
EnergyStar
Program
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888-STAR-YES
or
www.natresnet.org
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| To view or post recent information regarding
financing for solar energy, see
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