Using a HELOC for Solar & Energy Upgrades

Your home equity is a low-cost capital engine. Home Equity Lines of Credit (HELOCs) are one of the smartest ways to maintain complete asset ownership while bypassing expensive commercial solar loan interest rates. Instead of locking yourself into a 20-year third-party lease, a HELOC lets you leverage the equity you’ve already built in your Connecticut property to buy your solar and battery storage system outright.

• The Strategy: A HELOC gives you a revolving line of credit based on your home's appraised value. You draw only the exact cash you need to pay for your solar panels, roof repairs, or smart backup batteries, and you only pay interest on the amount you actually use.

• The Metrics: With average HELOC interest rates sitting significantly lower than standard consumer home improvement loans, you can secure the capital required to own your clean energy system. By owning the hardware, you pocket 100% of the long-term energy savings and wipe out your Eversource bill, rather than handing those margins over to an out-of-state leasing corporation.