Get up to $13,000 for your home purchase and enjoy the benefits of lower utility bills, increased home value, and federal tax incentives.
Verify Your Simply Solar Loan Program Eligibility
The FHA Simply Solar Loan Program is a game-changing opportunity for homebuyers to maximize savings and energy efficiency.
Eligible homebuyers can receive up to $13,000 (3.5% of the purchase price) to cover costs such as the down payment, closing costs, debt repayment, or building savings.
This program simplifies solar adoption by including the cost of solar panels within your FHA mortgage, removing the need for separate financing.
With benefits like reduced utility bills, increased home value, and a 30% Federal Solar Tax Credit, it’s a smarter way to own a home and go green.
Simply Solar FHA Loan Calculator - Calculate your savings with the Simply Solar FHA Loan Calculator. Discover your $13,000 incentive, solar energy benefits, and how much you can save today!
Designed for affordability, this program helps homebuyers with both finances and energy efficiency.
Earn up to 3.5% of your home’s sale price, capped at $13,000, by completing the program’s education and mentorship requirements. This money can be used for a down payment, closing costs, or even building your savings. For example, buying a $300,000 home could provide $10,500 to cover upfront costs.
Solar panels can significantly cut your energy expenses, helping you save money every month. Many homeowners save $200 or more monthly, adding up to $12,000 in savings over five years while reducing reliance on traditional energy sources.
Qualify for a federal tax credit that covers 30% of your solar installation cost. For instance, if your solar system costs $40,000, you could receive a $12,000 tax credit, directly reducing your tax liability and making solar more affordable.
Adding solar panels can increase your home’s market value by about 5%. A $300,000 home with solar could sell for an additional $15,000, making your property more attractive to future buyers.
The cost of solar panels is rolled into your FHA loan, so you don’t need separate financing or upfront payments. For example, instead of paying $30,000 upfront, the cost is included in your mortgage, keeping everything manageable in one payment.
Start by checking your eligibility for the $13,000 Simply Solar FHA Program online. This quick and easy step confirms whether the program is available in your area and if your property qualifies.
Connect with a qualified loan officer to find eligible properties and begin the financing process. Then, complete a 6-8 hour online homebuyer education course to learn about homeownership and solar energy.
Have a solar expert assess your home to confirm solar panels will save you money and meet program requirements. After closing on your home, the solar panels will be installed within 90 days, helping you start saving on energy bills right away.
Meet FHA Loan Requirements: Minimum credit score of 580. Down payment of at least 3.5%. Debt-to-income ratio below 43%.
Complete a Homebuyer Education Course: Attend a 6-8 hour online course that costs $149. Learn about homeownership responsibilities and the benefits of solar energy.
Schedule a Solar Energy Assessment: Ensure your home qualifies for solar installation and that panels will save you money.
Include Solar Costs in Your FHA Loan: The cost of the solar panels must be rolled into your FHA loan. Panels must be purchased, not leased.
Install Solar Panels Within 90 Days: Solar panel installation must be completed within 90 days of closing on your home.
Verify Program Availability in Your Area: The program is only available in certain regions; ensure it is offered where you are purchasing.
The $13,000 Simply Solar FHA Program follows standard FHA loan terms.
You’ll need a minimum credit score of 580, a 3.5% down payment, and a debt-to-income ratio below 43%.
The cost of solar panels is rolled into your FHA loan, meaning no separate financing is required.
Monthly payments will include your mortgage and the solar panel costs, making it easy to manage everything in one payment.
The program provides homebuyers with up to $13,000 in financial incentives, allows solar panel costs to be included in an FHA loan, and offers a 30% Federal Solar Tax Credit. It’s designed to help reduce energy costs and make homeownership more affordable.
Eligibility is open to homebuyers who meet FHA loan requirements, including a minimum credit score of 580, a 3.5% down payment, and a debt-to-income ratio below 43%. The program is only available in certain areas, so verify availability in your location.
The funds can be used for anything, including down payments, closing costs, savings, or paying off debt. There are no restrictions on how you choose to use the money.
No, the cost of the solar panels is rolled into your FHA loan, so there’s no need for upfront payment or separate financing.
Yes, the $13,000 is considered taxable income and will be reported on a 1099 form.
Solar panels must be installed within 90 days of closing on your home to maintain program eligibility.
No, this program is currently only available to homebuyers purchasing a new home.
If the installation isn’t completed within 90 days, you may lose eligibility for the program’s benefits.
In most cases, solar panels do not increase property taxes, even though they add value to your home. Check with your local tax authority to confirm.
With years of experience, we’ve assisted countless homebuyers in finding the best financing options to meet their unique needs.
Our team has facilitated over $1 billion in home loans, offering the knowledge and expertise needed to simplify even the most complex programs.
We excel at guiding buyers through innovative options like FHA and solar energy financing, helping you maximize savings and benefits with ease.
From reducing upfront costs to lowering energy bills and increasing home value, we’re here to support you every step of the way.
Take the first step toward saving money and making homeownership more affordable by verifying your eligibility online today—it’s quick, easy, and the perfect way to get started!
