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Lowtility - Helping Agents stay up to date in an ever changing real estate world.

Sellers

There are over 1 million properties in the US that have rooftop solar. Are you equipped to maximize that sellers return on their solar investment?

Request more info on how to correctly price a home with solar.

Buyers

Why use Lowtility?

1. More and more homebuyers are listing energy efficiency and renewable energy as a motivator in the house they choose.
2. Use our Lowtility financing tool to finance more than just the house. You can include things like: Solar, insulation, windows, doors, furnace, Energy Star appliances, smart home bundle, batteries, etc.
3. Simplify your payments and interest rates by having only one lien and one payment on your property. Solar financing options put 2nd and 3rd liens on the house, making them harder to sell.
4. Additional tax benefits. For the majority of us, 2nd mortgages or industry financing can't be tax deducted.
5. Your customers can do what they want with the federal or state tax credits (i.e. pay off other debt and save money).
6. For some, additional payment savings include: Reduced mortgage rate, elimination of Mortgage Insurance, elimination of 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: 2

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: 3

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 the customer online, through our app, or they can speak with us directly.
2. We collect a little info from you (cost of project, current power bill, power bill  after improvements).
3. We prepare a couple financing options for the customer and review them with the customer.
4. They pick the plan and we take care of all the traditional mortgage needs (appraisal, title etc.)
5. They close and fund on their Lowtility loan and we pay off any applicable creditors, and pay the solar company 50% of the bid amount.  
6. Once solar is installed, we get notified and send our appraiser out to confirm.
7. The remaining 50% of funds are sent to the solar company (you don't have to be debt collectors because checks are cut to the solar company).
8. Your customer enjoys the savings, tax benefits, and the tax credits.
*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

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A secure customer application portal where you can send us info and run payments.

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