While veterans receive credits for things such as education, home loans, education, and the like, not many people know that “the military service also offers every vet enhanced real estimate value with home solar credit for improvements that boost energy efficiency.” Solar credit for veterans means a whole lot of savings if your home is energy efficient.
Rooftop solar systems offer a ton of benefits, and now “the U.S. Department of Veterans Affairs has yet another one.” The program that gives solar credit for veterans is a sector of the government’s Energy Star program – Energy Efficient Mortgage provisions.
“An Energy Efficient Mortgage (EEM) is a mortgage that credits a home’s energy efficiency in the mortgage itself. EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios on loans, thereby allowing borrowers to qualify for a larger loan amount and a better, more energy-efficient home.”
In order to get solar credit for veterans through an EEM, a VA borrower must get a “home energy rater to assess the property’s current energy efficiency,” while veterans that are looking into purchasing a home must as their lender about VA’s EEM.
What Are the Benefits of Solar Credit For Veterans?
Improve the energy efficiency of your home. An EEM “can use a number of power-saving technologies to improve your home’s energy efficiency.” Some of these power-saving technologies include improved heating, cooling and ventilation.
Save on utility bills. Installing solar panels greatly reduces your monthly utility bills. This leads to over hundreds of savings annually, which enables you to quickly pay back your solar panel investment. Some power companies even offer ways to “sell back the extra power you generate to the grid.”
Add value to your property. Solar panels are built to last, and the energy efficiency is too! With energy efficient products turning up left and right, solar panels will never go out of style. Adding solar panels to your home increases your home’s property value as well.
If you are looking for solar credit for veterans, look no further! Partner up with Tim Kyle Electric for quality solar panels for your home. For more information, get in touch with Tim Kyle Electric.
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About Tim Kyle Electric
Tim Kyle Electric has been delighting our customers with responsive, trusted and professional electrical services since 1986. We provide residential, commercial and solar power services and are experts in our field. Our team of professionally trained employees uphold our core values of honesty, respect and integrity. We are available 24/7 for your electrical servicing needs. Get in touch with us today to discuss your next electrical project.
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