Has anyone used Go Green financing for a 0% interest loan for HVAC...

Has anyone used Go Green financing for a 0% interest loan for HVAC or solar installation?

Legal y Financiero hace 1d 7 answers • Sohee Hwang

We're considering installing solar panels and were approved for a 0% interest loan through Go Green financing, but we want to know if anyone has experience with it.

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5 Answers · 2 replies

Yulia • hace 1d

It's worth comparing the cash price to the finance price. The HVAC company likely charges you more to offset the benefits of the 0% interest loan.

Sohee Hwang OP • hace 1d

The HVAC company didn't provide a cash price for the proposal. They mentioned using GoGreen, but the quote seems comparable to another company we met with.

Dmitri Alexeev • hace 1d

With high interest rates, 0% financing sounds suspicious. To be sure, check your agreement carefully. If you're hesitant to share it, consider using an AI tool to review it for potential issues.

Willem De Vries • hace 15h

This is a legitimate state-subsidized loan.

paula35 • hace 1d

This program appears to be a state-backed initiative, possibly involving utility companies and credit unions. Can you confirm the loan term is 10 years? Are there any upfront fees or points? There are other 0% loan products available without raising concerns.

Willem De Vries • hace 16h

I've been researching HVAC systems and was offered this program twice in the past week. It's a California state-funded initiative, partly aimed at addressing the loss of federal tax credits.

Alexis Martel • hace 6h

Keep in mind that you can't deduct the interest from this loan unless it's secured by your residence. If you want to potentially write off the interest, consider looking into a HELOC. Interest rates have been increasing.

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Has anyone used Go Green financing for a 0% interest loan for HVAC or solar installation?