Special financing programs exist to encourage investment in “green” technologies. For example, NewResourcesBank, in partnership with NextEnergy and SunPower, provides 24 hour approval for solar system purchases – without the hassles of going through a complicated analysis of your home’s equity. These loans are designed to make it easy and fast for you to obtain the funds you need and still allow you to enjoy the tax deductions available on home equity loans.
Payment options include making no payments for 2 years, payments adjusted to equal what you are paying PG&E today, or accelerated payments designed to quickly pay off the loan. At the end of the loan period, you have not only paid out less cash for your energy needs, you now own an asset that significantly adds to the value of your home, paid for with PGamp;E money.