Common ways to pay
Options people use include paying from savings, contractor-offered payment plans, personal loans, home equity products, credit cards and utility or government programs. Availability depends on the lender and your situation.
What to check in the terms
- Interest rate, fees and whether the rate is promotional
- Total cost over the full term, not just the monthly payment
- Penalties for late or early payment
- Whether the lender checks credit and how that affects you
- Who the lender is, and whether the contractor receives a fee
- Whether the offer is in writing
If you have limited or poor credit
Some lenders work with a wider range of credit profiles, but terms may be less favorable. Compare more than one offer, read the full agreement and be cautious of pressure to sign immediately. Approval can't be promised by us or by a contractor listing.
Rebates and incentives
Utilities and government agencies sometimes offer rebates or tax credits for efficient equipment. Programs and eligibility change, so check current information with your utility, state energy office and IRS guidance before relying on one.