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Home Forums General Discussion Solar power info. Help needed urgently Re: Solar power info. Help needed urgently

#66258
gordo
Participant

financing……. a huge consideration to keep in mind is the secondary mortgage market does not buy mortgages for homes that are not ” tied to public utility” so as proud as you may be about being/ or going to be off the grid conceal this info from a banker. an appraiser will not be able to look at the solar gear and determine if its grid tie or off grid.

get you construction loan and roll it to a mortgage. you can say you need x amount for solar just don’t say off the grid. say grid tie.

depending on the state you are in each state has different tax credits available for solar. as well as some federal. but i think most of the federal expired 2011. just search state with energy or solar tax credits and see what comes up. wyoming also has a grant program. covering 30 percent of the cost of the system if you are chosen. there are only 29 grants available so it is lottery style. you can not purchase or install until you have received the grant. unfortunately the drawing is 2nd monday in june which limits your season to purchase and install. I’ve tried to get them to recognize the solar season be having the grant lottery in january or march so winners can benefit more in there first year.

good luck

p.s. always pad you project by at least 20% so you don’t come up short on money near the end

peace gordo