As we saw on the previous page -
Owning a Wise Power System offers Many Economic Benefits:
- Reduce the amount of energy you buy & lower your electric bill
- Protect yourself against future utility rate hikes
- Sell any surplus electricity you generate back to the utility company & run your meter backwards
- Generate no cost electricity for years, once your system has fully paid for itself
- Take advantage of rebates, tax credits and deductions
Homeowners May Realize Additional Financial Benefits, Including:
A Wise Power System will increase your property value – According to the Appraisal Journal, a trade magazine for real estate valuators, the market value of a home increases an average of $20 for every $1 reduction of typical utility bills to power the systems in the property.
A Wise Power System may help you qualify for an Energy Efficient Mortgage – Fannie Mae (FNMA) and Freddie Mac (FHLMC) underwrite and purchase mortgage loans that reward the borrower for a home’s energy efficiency. Documented energy savings can be used to enhance the borrowers’ qualifying income – with no income restrictions. This can increase home buying power. Energy Efficient Mortgages are available for purchase or refinance transactions, and offer the additional benefit of allowing the borrower to finance energy improvements above the traditional percentage of financing limits (also known as loan-to-value). This can be a great way to improve an existing home, or to make a Wise Power System an affordable up-grade, when building or buying a new home.
I Want a Wise Power System – How Do I Pay For It?
If you have already reviewed the incentive programs, and federal tax credit available for your system and location, then you already know that you can get a significant discount on you out-of-pocket system costs. If you missed the incentives on the previous page, you can go there now: Database of State Incentives for Renewables and Efficiency (it also has links to the Federal Tax Credit, and is up-dated frequently).
Okay, the rebates and tax credit will be a great help for me to afford the system I want! What about the rest of the system cost? Can I finance the difference?
Many homeowners find the most economical way to finance the out-of-pocket system cost (the portion not covered by available green energy funds, rebates and tax credits) is with a Home Equity Mortgage, or Line of Credit. You can treat this investment just like any other home improvement – one that will raise your home value and benefit you for years to come. Your reduced monthly utility bill will help to offset any loan payment, and (since it is a home equity loan) the mortgage interest may be tax deductible! Click here now, to go to the Equity Plus, Inc. website and contact a professional mortgage consultant or to apply for financing.