Find the Lowest Rates
on Solar Power Loans
Simply Banc provides Solar Power loans with options to lease or buy to maximize the financial benefits of a solar energy system.
Key Benefits
- Many loans are $0 down, so you start receiving the benefits of solar power immediately.
- You are entitled to government rebates and incentives.
- The loan covers the cost of the system.
Funding Capacity
Up to $500,000
Term
10 to 25 Years
Payment Schedule
Monthly
Speed
4-6 Weeks
Solar power FAQ
What are the environmental benefits of solar energy?
Solar power has many environmental and health benefits, as have other renewable energy resources. Going solar reduces greenhouse gas emissions which contribute to climate change and also leads to fewer air pollutants, such as sulfur dioxide and particulate matter, which can cause health issues.
How does solar impact my property taxes?
How do solar photovoltaic (PV) panels work?
Solar panels absorb the energy of the sun throughout the day and convert it into electricity with direct current (DC). Most households and businesses run on electricity from alternating current (AC), so DC electricity is then passed through an inverter to convert it into usable AC power. Either you use the electricity in your house at that point or you send it back to the electric grid.
What are my solar financing options?
Solar rebates and incentives vary depending on where you live. The most significant is the 30 percent federal investment tax credit (ITC), which allows you to deduct 30 percent of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives.
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