Solenmo now offers an affordable solar energy home mortgage program to homebuyers. Get a single loan that pays for your home and all solar energy upgrades.
Imagine being able to get a larger mortgage and install a full solar system, all covered by a single mortgage. Going green doesn’t mean you need to spend thousands of dollars in upgrades anymore. Solenmo now offers a revolutionary solar energy mortgage program (SEMP) that pays for your house and all the energy upgrades you could ever need.
Traditional homeownership programs are based on the loan-to-value of your property and the 4C’s of underwriting—Capacity, Credit, Cash, and Collateral. If you want to make your home more energy-efficient by investing in solar power or improving thermal efficiency, you could end up taking out a second loan to cover these costs.
The Solenmo solar energy mortgage program eliminates the need for a separate home improvement loan. Under program guidelines, you can use up to 20 percent of the post-upgrade value of the loan for renovations and repairs without needing an additional home equity line of credit (HELOC).
The solar energy mortgage company in Colorado now offers you SEMP financing that includes the price of the property and pre-approved energy improvements. Solar energy mortgage programs offer several advantages over traditional mortgage loans by making ownership more affordable and reducing monthly utility costs through the use of renewable energy.
Solenmo loans give you access to a larger loan amount and more equity on your property based on its upgraded valuation. When you sign a solar energy mortgage contract, licensed professionals inspect and evaluate your property before your loan closes. SEMP financing is available for credit scores as low as 550.
Solenmo designs a custom solar energy system based on your specific options and requirements before closing. Once you approve the upgrades, the loan closes and licensed contractors from the Solenmo service network install the energy efficiency upgrades. Under the Solenmo SEMP, you can expect significant solar energy tax rebates in 2021 and 2022.
The Colorado energy-saving home loan company’s SEMP permits basic weatherproofing and home improvements, solar panel installations, water-saving systems, Radon remediation, and battery backup systems. You may also include high-cost installations such as HVAC systems, air conditioning, ventilation, and plumbing systems as SEMP upgrades.
Solenmo is an energy efficiency homeownership company that takes its name from SOL-ar EN-ergy MO-rtgage. The company offers SEMPs as an alternative to traditional mortgage programs and a reliable way to solar energy ownership without unsecured loans.
Get all the energy efficiency upgrades you need through one single mortgage loan on your new home. Contact a Solenmo loan office at https://www.solenmo.com for more information about how to finance your energy-efficient home today!