Solar Power Loans
When considering solar power for your home, be sure to investigate solar power loans. They are available from some local utility companies, state and local governments. They are given for energy efficiency improvements and for renewable energy projects. The incentive here is that they are low-interest or no-interest loans because of what they are being used for.
Loans unlike solar power grants are available to just about any one be it a private individuals, corporation, small businesses, public and non-profit organizations. Just remember to be cautious as with any loan about the interest rate type: fixed or variable.
Since these loans are categorized as home improvement loans you can write off the interest on these loans just like with your home mortgage.
As stated on the previous page your best resource for finding the most updated information on solar loans will be at the Database of State Incentives for Renewables and Efficiency (DSIRE).
The wonderful people at the North Carolina State University Solar Center have been kind enough to build a large database of the most up-to-date information on all the loans available to you.
Below is a sample solar loan from the DSIRE website.