If you are looking to purchase a new home and want to add solar at the time of the initial purchase, the full cost of a new solar photovoltaic (PV) array can be added to the mortgage at the time of the home purchase. Installation of the PV system takes place after closing. It is that simple. There are two types of solar loans.
FHA SWT 120%
With this FHA loan product, you can borrow up to 120% of the appraised value of your new home purchase.
Conventional Home Style 115% Energy Loan
With this loan product, you can borrow up to 115% of the appraised value of your new home purchase.
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