Adding solar when you buy a home through the Lowtility home loan is the most affordable way to purchase solar. Why? When you buy a home and purchase solar later, you have two separate loans, interest rates, and hidden dealer fee costs. People forget to consider how much their utility bill will cost when they buy a home. Not factoring in the cost of your utility bill is like not factoring in the cost of mortgage insurance. Going solar is like getting rid of mortgage insurance, but for your utility bill.
When you make energy-efficient improvements, many of those improvements are eligible for Tax Credits. For example, when you install solar panels on your primary residence, you are eligible to receive 30% of the total cost of your solar panels back as a federal energy tax credit when you file your taxes. That energy tax credit (for most people) is roughly 50% of their down payment. Consult your CPA to see how much you could get back.
It's inevitable that solar will be part of our future. 100's of cities have committed to 100% clean energy within the next 25 years. In 10 years, homes that have $25 utility bills, produce their own energy, and allow you to charge your money-making Tesla "Robotaxi" will likely be in high demand.
Many energy-efficient products can be included in the Lowtility mortgage. If you need a new washer, dryer, fridge, windows, etc., you can include that in your mortgage for pennies a month. Anything that is energy efficient can be included in the Lowtility mortgage.
Most solar financing companies charge solar dealers 12-20%, meaning your solar just went up 12-20%. Lowtility does not charge dealer fees.
Owning your energy is smart for the same reasons it's smart to own your home. Instead of paying the power company, pay yourself! You can either keep renting your energy and pay close to $72k over 30 years or just pay about $25k for solar panels. ($200/mo. utility payment x 30 years = $72k).
Scientists say we have 25 years to reverse the effects of global warming, but most people who want to help don't know how. The two biggest threats to our planet right now are gas powered cars (C02 Emissions) and how we create the energy that powers our homes and cities. This is why we created Lowtility. If every home produced its own clean energy, the effects of global warming would reverse.
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