Put your equity to work, saving you money and helping
the environment.

Turn your home into the envy of your friends with a Smart Home, that fights climate change and air pollution, by using its own renewable energy that comes from the sun.

Why use your equity?

1. It lowers your cost of ownership.
2. Modernize your home with improvements that make your home smarter and more energy efficient. Include things like solar, Energy Star appliances, smart home bundle, batteries, insulation, etc.
3. Simplify with only one lien and one payment on your property. Solar financing options put 2nd and third liens on your house, making them harder to sell.
4. Additional tax benefits. For the majority of us, only first lien mortgages have tax advantages. Stand alone or second mortgages can't be tax deducted.
5. Do what you want with the federal or state tax credits. Traditional solar financing requires that tax credits go to the cost of solar panels.
6. Since Lowtility is so cost effective some people can pay off additional debts.

Refinance Case Study: 1

Find out why Lowtility makes more financial sense below.

Lowtility Refinance

Traditional Refinance

Solar

$350k
$350k + 20k (solar)

Sale Price

$17,500
$17,500

5% Down Payment

4.25% (4.482 apr)
3.75% (4.265 apr)

Rate

rates subject to change and can vary by customer, ltv, dti, Credit

$1,636
$1,657

Mortgage (PI) Payment

$195
$249

Mortgage Insurance

$200
$25

Power Bill

$2,031
$1,931

Total Monthly Expense

Mortgage Payment (PI) + Utility Bill

$0
$7,600

Tax Credit

Fed: $6k + Utah: $1,600 = $7600

Refinance Case Study: 1

Find out why Lowtility makes more financial sense below.

Lowtility Refinance

Traditional Refinance

Solar

$350k
$350k + 20k (solar)

Sale Price

$17,500
$17,500

5% Down Payment

4.25% (4.482 apr)
3.75% (4.265 apr)

Rate

rates subject to change and can vary by customer, ltv, dti, Credit

$1,636
$1,657

Mortgage (PI) Payment

$195
$249

Mortgage Insurance

$200
$25

Power Bill

$2,031
$1,931

Total Monthly Expense

Mortgage Payment (PI) + Utility Bill

$0
$7,600

Tax Credit

Fed: $6k + Utah: $1,600 = $7600

Refinance Case Study: 1

Find out why Lowtility makes more financial sense below.

Lowtility Refinance

Traditional Refinance

Solar

$350k
$350k + 20k (solar)

Sale Price

$17,500
$17,500

5% Down Payment

4.25% (4.482 apr)
3.75% (4.265 apr)

Rate

rates subject to change and can vary by customer, ltv, dti, Credit

$1,636
$1,657

Mortgage (PI) Payment

$195
$249

Mortgage Insurance

$200
$25

Power Bill

$2,031
$1,931

Total Monthly Expense

Mortgage Payment (PI) + Utility Bill

$0
$7,600

Tax Credit

Fed: $6k + Utah: $1,600 = $7600

How the process works:

1. We collect some info from you, understand your goals, needs, wants, and  wishes.
2. We prepare a couple options for you on how we can meet those goals and we review them with you.
3. You pick the plan and we take it from there. We take care of all the solar and mortgage needs (appraisal, title etc.).
4. You close and fund on your Lowtility loan, we pay off any applicable creditors, and give you cash, if that's what you elected. If you're adding solar for the first time we fund 50% of the bid. Once solar is completed and on your roof we fund the remaining 50% of the bid amount to the contractor.
5. You enjoy your savings and tax benefits from here on out. From the time we pay off your existing mortgage to the time where your new mortgage payment is due, for many, there is a month where a payment is not needed.

How is Lowtility different than my bank: We specialize in energy efficient improvements. Most banks only allow a max of 80% LTV (size of the loan compared to the value of the home) for your loan. At Lowtility we can go well above 80% LTV to make your home more energy efficient.

Current consumer options to pay for Solar