Financing

Switching to solar has never been more accessible or affordable. Gold Path Solar offers flexible financing options, including $0-down plans, to help homeowners in Ohio, Kentucky, and South Carolina start saving with solar from day one. With over 20 years of solar industry experience, our employee-owned company understands that upfront costs can be a hurdle, but with our financing, you can install solar with no money out of pocket and immediately reduce your monthly expenses.

Going solar isn’t just environmentally smart, it’s financially savvy too. Let’s walk through how our financing works, the benefits you can expect, and answers to common concerns.

Why Solar Financing Makes Sense

Not everyone has tens of thousands of dollars available for solar installation – and that’s perfectly fine! Solar financing bridges that gap by spreading costs over time with excellent interest rates, allowing you to enjoy solar benefits now while paying gradually from the savings generated.

The majority of Gold Path Solar customers choose financing because it makes financial sense. With the right plan, your monthly loan payment is often lower than your old electric bill, meaning you come out ahead immediately.

Key benefits of financing your solar system:

1. $0 Down Gets You Started: Qualified homeowners can install solar with no upfront cost
2. Instant Monthly Savings: Your solar loan payment is typically lower than your previous electric bill
3. Long-Term Investment: Once paid off, enjoy years of nearly free electricity
4. No More Waiting: Start reducing your carbon footprint and saving money immediately

$0-Down Solar Loans – Your Most Popular Option

Our $0-down solar loan requires no initial payment – you finance 100% of installation costs, with your first payment starting after the system is operational. Gold Path Solar works with specialized lending partners to offer competitive rates with fixed monthly payments.

Here’s how it works:

1. Flexible Terms: Choose from 5, 10, 15, 20, or 25-year loan durations
2. Low Fixed Rates: Predictable monthly payments not subject to market fluctuations
3. Complete Coverage: Financing covers equipment, installation, and permitting
4. Use Utility Savings: Many customers use their electric bill savings to cover the solar payment

Around 80% of our customers choose $0-down financing to maximize immediate savings. On average, our customers save over $1,500 annually on electricity after going solar.

The 30% Federal Tax Credit Advantage

The Federal Solar Investment Tax Credit (ITC) offers 30% of your system cost back as a tax credit. For a $20,000 system, that’s $6,000 back – effectively reducing your cost to $14,000.

When you finance through Gold Path Solar, you receive the full tax credit benefit. Many loan options allow you to apply the credit toward your loan principal, lowering monthly payments or accelerating payoff. Some financing partners even structure loans expecting this credit payment, offering initially lower monthly payments.

Important: The 30% federal credit won’t stay at this level forever. Now is an excellent time to lock in this generous incentive while available.

Beyond federal incentives, state and local rebates may be available. Our experienced team stays current on all programs and ensures you capture every dollar of savings.

Types of Solar Financing – Find Your Perfect Fit

Gold Path Solar offers multiple financing solutions because one size doesn’t fit all. Our solar advocates help you compare options and choose what works best for your budget and goals.

$0-Down Solar Loans – Finance the entire system with nothing upfront. Popular choice for lowest initial expense and immediate monthly savings.
Low-Interest Solar Loans – Traditional installment loans with competitive fixed rates and flexible terms. Choose shorter terms for higher payments but less total interest, or longer terms for lower monthly payments.
Same-as-Cash Financing – Short-term options (12-18 months) with zero interest, allowing you to defer payment until receiving your tax credit. Perfect for maximizing incentives while minimizing interest.
Home Equity Options – Use home equity loans or lines of credit for very low rates. Interest may be tax-deductible (consult your tax advisor). Some customers include solar in mortgage refinancing.
Solar Leasing – A third party owns the system, so you know everything’s taken care of. You simply pay one fixed monthly payment, and that’s all you’re responsible for. Ideal for customers who want solar benefits without ownership responsibilities.
Cash or Hybrid Approaches – Paying cash yields highest savings with no interest. Hybrid approaches combine some cash down with financing to balance savings and cash flow.
During consultation, we explain all options in plain language. We’re not tied to one lender – we partner with several trusted institutions and shop around on your behalf.

Quick and Easy Approval Process

Solar financing has become very accessible. If you pay an electric bill, you already demonstrate ability to pay for energy monthly. Our financing partners look for reasonable credit scores and stable income – perfect credit isn’t required.

The approval process:

1. Simple Application: Complete a brief online application with basic information and soft credit check (doesn’t affect credit score)
2. Instant Offers: Receive decisions within minutes with multiple loan term options
3. Review Terms: We explain interest rates, monthly payments, and all details transparently
4. Electronic Signing: Sign loan agreements conveniently online
5. Installation Proceeds: Your lender pays us, and loan payments typically begin after system installation

Most homeowners are pleasantly surprised by how painless the process is. Your dedicated Gold Path Solar representative answers questions at every step.

What Happens If You Move?

A common concern: “What about my solar loan if I move?” Great news – solar actually makes selling easier and more profitable. Homes with solar typically sell for a premium.

You have three options when selling:
1. Pay Off the Loan – Use sale proceeds to pay the remaining balance. Since solar increases property value, you typically recoup this cost. New buyers inherit owned solar panels with no loan – very attractive for faster sales at higher prices.
2. Transfer the Loan – Sometimes buyers willing and able to assume payments can take over the loan with lender approval. They get solar savings, you walk away without the loan.
3. Relocating the Panels – If your move is within Gold Path Solar’s service area, we can relocate your panels to your new home. For moves outside our service area, you can take your panels with you, though you’ll need to find a qualified installer at your new location to reinstall the system.

Either way, there’s no trap keeping you in your house. Solar loans work like any home improvement loan – settle when selling or potentially transfer. Studies show significant resale value boosts for solar homes.

Gold Path Solar supports you during moves, providing system documentation and warranties to help your listing shine. We can even speak with prospective buyers about the solar setup.

No Hidden Fees – Complete Transparency

With Gold Path Solar, there are no hidden fees, gimmicks, or fine-print surprises. As an employee-owned company, our success depends on your satisfaction.

Our commitment to transparency:

Clear Terms: Know your interest rate, term length, and monthly payment upfront
No Hidden Dealer Fees: Fair pricing with no unexpected charges
No Prepayment Penalties: Pay off early or make extra payments without fees
Competitive Rates: We don’t mark up interest rates – our business is installing quality solar systems

We invite questions at every step. An informed customer is a satisfied customer, and we want you 100% comfortable with your financing.

Experience the Gold Path Solar Difference

With over two decades of solar expertise, our employee-owned company has helped countless homeowners across Ohio, Kentucky, and South Carolina navigate financing successfully. We turn complex decisions into easy, seamless experiences.

From $0-down loans that jump-start savings to guiding you through tax credits and finding perfect loan terms, we’re with you every step. Solar financing should be simple, transparent, and tailored to you.

Ready to see how solar can work for your home and budget? Contact Gold Path Solar for a free, no-pressure consultation. We’ll analyze your situation, answer all questions, and find personalized financing that turns your solar goals into reality. There’s no catch – just a brighter future powered by the sun and monthly savings you can count on.