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Question DetailsAsked on 9/19/2012

we want solar but companies had ads no money&come to find out you must have 700 credit rating.Our gas and electric bill too hi can we get i

We want solar we have very high gas and electric bills over $400 a month. But it seems that you must have 700 or better credit rating. Is there a realible company that can help us get solar? There are so many companies and I'm overwhelmed. And can I trust them, I had a second floor done on our house and got ripped off. So I'm very skeptical. Can you help us? Yvette

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4 Answers

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Ycabanas,

Have you tried searching Angie's List for a company that installs solar systems? A membership gives you access to ratings and reviews as well as information about whether a company is environmentally friendly. If you would like to join, use the promo code "ANSWERS" and you will get 20 percent off the membership fee. Good luck!

Answered 7 years ago by Mikel

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Mikel's answer is great- you might want to look into whether your state, city, or electric utility offers any programs (rebates, tax credits, low interest loans, etc) to help you with the cost. There are some solar companies who advertise that they install solar for "no money down" that keep ownership of the solar panels - you might want to do some research on that. I'd be sure to check their ratings/reviews on Angie's List before you make a decision Good luck!

Answered 7 years ago by KarenM

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Look for a highly rated company on Angie's List. Any solar company that you speak with should tell you about the incentives for going solar, which can really help with the cost of installation.

Additionally, I would recommend looking into why your electric bill is high in the first place. A solar energy or home improvement company may be able to offer you an energy audit. The analyst would walk through your home, and identify weak points where improvements could be made to save on energy costs. You may also qualify for tax incentives simply for making the recommended changes, as well.

Source: http://www.solareworld.com/energy-aud...

Answered 7 years ago by arielh276

0
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The 700 credit rating is for a 0% down lease. You can buy solar outright, without the lease and the good credit; but it will cost you more upfront than the lease would. You can also get a home loan or a 2nd mortgage to pay for the Solar panels. Learn the pros and cons of both leasing and owning the system before you talk to any solar installation company. Choose a company that has been around a long time and ask other people who have solar - just look at the roofs in your neighborhood and ask the home owners about their experiences. The advantage to owning the system yourself (rather than leasing) would be that you can get tax credits and qualify for rebates from your state. These incentives can help you pay the loan you took out. If you lease, you might not have to put any money down; but you won't qualify for the tax credits or the rebates since you don't own the system - the leasing company does.

Answered 7 years ago by LoriS




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