Financing your Solar Energy ProjectFinancing Options for Homeowners

As part of our convenient service, NuWatt Energy team will discuss and inform you about the options available to finance your solar energy project. To get started with your solar energy project, you can either invest upfront cash with highest returns over the next 30 years, or establish a line of credit. Below is partial list of the options available.

Loans from Local Lenders

NuWatt Energy can recommend a few local lenders that you can work with and the appropriate loans available.

Energy Efficient Mortgages (EEMs)

EEMs are designed for individuals interested in buying an energy-efficient home. EEMs increase purchasing power by permitting lenders to increase the borrower’s income by a dollar amount equal to the home’s estimated energy savings.

Federal Housing Authority Energy Efficient Mortgages (FHA EEMs)

FHA EEMs exist to provide financing for homeowners who seek to implement energy-efficiency improvements. Lenders are allowed to add 100 percent of the cost of the improvements to an already-approved mortgage.

You probably know that once the solar system is installed, your monthly energy bill will be a fraction of what it once was. In the long run these savings will add up to thousands of dollars and a positive impact on the environment.