Renew financing is an effective and simple way of financing renewable energy, water conservation, and energy efficiency upgrades to buildings. Using renew financing, you can have solar panels, new heating and cooling systems, do insulation, and protect your home against natural disasters such as earthquakes and hurricanes.
At All American Contracting, we have partnered with Synchrony Bank, Ygrene, and Greensky Financing to avail renew financing to our clients. We facilitate speedy approval and ensure you get flexible payment terms as well as competitive rates.
Benefits of Renew Financing
There are numerous benefits you will enjoy from our renew financing program including:
Easy to Qualify – To qualify for renew financing is relatively easy compared to other alternatives of home improvement financing like home equity loans. However, you must ensure you are current on all property taxes because it’s a prerequisite for you to qualify.
100 Percent Financing – With renew financing, you overcome the upfront cost barrier when you want to do home improvements to increase your energy efficiency. This is because you are able to fund your home remodeling project without the need for a down payment. The financing covers all the costs of the project. Therefore, you don’t have to wait until you raise a particular amount of money to commence your home improvements. Once you have the plan of what you want in place, you are good to go.
It’s Transferable – This clean energy financing method is attached to the property and not you as an individual. This means in case you sell your property after the improvements and before paying off the loan, the remaining balance is transferred to the next homeowner. It’s worth noting that the information should be shared with the prospective buyer beforehand to avoid any conflicts after the purchase.
Flexible Payment Terms – Renew financing has very flexible payment terms to suit different customer needs. The period can extend from 5 to 20 years thus giving you ample time to repay the loan without straining financially. The flipside of this is that you end up paying more interest over the life of the loan. The sooner you can repay the loan, the better for you.
Tax Benefits – This home improvement financing enables you to qualify for environmental tax credits. However, you have to talk to your tax advisor on this. Some tax credits only apply in the year the installation was completed and therefore you have to ensure you have all the proper documentation in place and in time.
At All American Contractors, we go the extra mile to ensure our clients get the best renew financing deals from Synchrony Bank, Ygrene, and Greensky Financing. Don’t struggle with energy efficiency improvement projects, we are here to help. Get in touch with us today!