Homeowners can finance energy improvements through mortgage program

Source: Kenneth Harney, Washington Post

Want to put solar panels on your roof — owning them outright rather than leasing from some third-party company? A new program that has just hit the market could help make that happen. And because it uses long-term mortgage money, the interest rates are similar to those on a regular home loan — currently less than 4 percent if you’ve got good credit.

Equally important, you can pocket the generous 30 percent federal investment tax credit that’s available for owners who buy solar panels, a benefit you can’t use if you lease them.  The new program, known as the HomeStyle Energy Mortgage, comes from giant investor Fannie Mae. It’s useful for far more than solar panels, too.

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