The Solar-Assisted Mortgage Advantage
For Homeowner & Buyers
TrueHomeX is saving homeowners THOUSANDS with a Solar-Assisted Mortgage. Ask us how!
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For Mortgage Professionals
Take advantage of loans that offer your borrower continued savings long after the close of escrow.
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What's this all about?
Buying a home has never been more challenging, and for homeowners, inflation is making ownership more difficult than ever. Many attempting to relieve skyrocketing prices are turning to green energy but are met with egregious financing costs and sales commissions making it impractical to balance cost vs. savings.
With serendipitous timing, a team of industry professionals in Mortgage, Real Estate, Solar Energy and Fintech came together and streamlined the benefits of bundling a Solar System with a home purchase. Unlock significant savings, eliminate high energy bills, offset a down payment, receive Federal Tax Credits and State incentives, where available, we provide true homeownership experience! If you’re in search of your first home, a homeowner, a Real Estate Agent or a Mortgage Lender, contact us today!
Real Benefits… Starting Now
Make the power of solar work for you with our innovative solor-assisted mortgage programs, exclusively designed to leverage government sponsored financial programs. Enjoy the real benefits of renewable energy today!
Increased Energy Savings:
Solar-assisted mortgages allow homeowners to finance the installation of solar panels, which can significantly reduce monthly electricity bills.
Access to Renewable Energy Incentives:
Many solar-assisted mortgages qualify homeowners for federal, state, and local incentives, such as tax credits, rebates, or grants -- which can reduce the overall cost of solar installation.
Increased Property Value:
Homes with solar energy systems often have higher resale values. Solar-assisted mortgages can make it easier to add solar panels to a home, potentially increasing its market value.
Lower Upfront Costs:
Instead of paying for solar panels out of pocket, a solar-assisted mortgage rolls the cost into the mortgage itself. This spreads the payment over the life of the mortgage, reducing the financial burden of a large upfront investment.
Solar-assisted mortgages are a growing trend as more people look to incorporate sustainable energy solutions into their homes. Here are the top 5 questions people commonly ask about solar-assisted mortgages:
A Solar-Assisted Mortgage is a type of home loan that incorporates the cost of solar energy systems into the mortgage itself. This allows homeowners to finance solar panels alongside their home purchase, spreading the cost over the life of the mortgage. By bundling solar energy systems with the mortgage, homeowners save on energy costs and benefit from any available tax incentives or rebates, making solar energy more accessible and affordable as part of their home investment.
Very similar to a typical mortgage process with a few steps added. Depending on where you are in the homebuying process will determine which step comes first. Typically, a first call with a TrueHomeX Professional Solar Advisor to confirm: a specific home is Solar Ready, the system cost, discuss any need for closing cost assistance. Next, meet with a trusted TrueHomeX Professional Mortgage Partner or, if you’re already working with a Lender, we’ll just need to confirm they may offer you the specific mortgage program. Next, we’ll connect you with a trusted TrueHomeX Real Estate Professional, again, ok if you are already working with a Real Estate Agent, we’ll be happy to walk them through the process. For the most part, business as usual, Solar installation occurs after the close of escrow.
The financial benefits of a Solar-Assisted Mortgage include no out of pocket cost for solar installation, expense is spread over the life of the mortgage with a minimal impact on monthly payment. Solar Energy offers savings from reduced utility bills, which offsets monthly mortgage payments. Additionally, mortgage loans offer tax deductible interest, while the cost of a Solar System offers a 30% Federal Tax credit, further enhancing savings. On average, a Solar System adds 5% in property value in addition to the adding to long-term financial gains.
As with every loan program, there are various requirements and qualifications for a Solar-Assisted Mortgage. These may include meeting standard mortgage eligibility criteria, such as a credit score and income requirements. Additionally, the property itself may have solar ready eligibility requirements, such as meeting an energy-efficiency rating or in a location suitable for solar energy production. Depending on the loan type, the final maximum appraised value may exceed the initial assessed value to accommodate the solar system.
As with any purchase, there may always be a risk or perceived downside, the Department of Energy encourages homeowners to reduce the strain of the power grid by installing roof top Solar Systems. Federal Housing Agencies offer unique mortgage programs to attract homebuyers to include green energy with their home purchase or refinance, helping to reduce our carbon footprint. Despite such attractive programs, a Solar System may not be for every home purchase or refinance scenario.
PARTNER WITH TrueHomeX and SAVE!
We're expanding our Partnerships! If you value providing unmatched customer service and take pride in delivering a True Home Buying/Ownership Experience, contact us!
MEDIA CHANNELS:
Attract homebuyers through a unique savings model and complement the value of referrals to your network of Mortgage Lenders and Real Estate Agents!
SOLAR ADVISORS:
If you are set up to accept referral customers, contact us today!
MORTGAGE LENDERS, REAL ESTATE AGENTS
Let’s help homebuyers and homeowners save thousands! Solar Systems can help you sell more homes while saving your clients thousands! Contact us.
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Home Buyers • Homeowners • Real Estate Agents • Mortgage Lenders
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7901 4th Street N Suite 300 St. Petersburg, FL 33702