How to Qualify for Solar Panels
Financing with Pineapple is easy! There are a few qualifications to meet when applying for a loan with Pineapple. Here, you can find information on how to qualify for solar panels. You can finance a solar panel system plus a battery. Other home improvements you can finance to support solar are main electrical panel upgrades or roof work. Solar loans are typically for single-family homes, but some loan providers may finance vacation properties or even multi-family homes. However, they don’t typically support manufactured homes or residences with more than 4 units.
How to Qualify for a Solar Tax Credit
The Inflation Reduction Act, which was signed into law in 2022, allows homeowners to qualify for a 30% tax credit on the total cost of your solar system. Most Americans who get solar installed on their home can qualify for this great benefit.
To qualify for solar financing and tax credit, you’ll need:
- Credit score of 650+
- Proof of employment
- Name on your home title
- Debt to income ratio
- No bankruptcies in the last 7 years
Get a Customized Solar Estimate
Interested in a Pineapple Energy solar quote? Get in touch with us today to learn more about us and our high-quality solar energy systems.