This Week’s Spotlight: “HOPER - FHA Solar Panel Grant Program” 

 

February 3rd, 2025

The Hope for Homeownership program is a FHA-backed mortgage program. Buyers or current homeowners who choose HOPER FHA Mortgage can earn 3.5% up to $13,000.00 to go towards Down Payment, Closing Costs, Interest Rate Buydown, debt payoff or replenishing their savings!

By integrating the HOPER Solar Panel Grant Program into your real estate strategy, you can help clients make smart, sustainable investments that enhance both their quality of life and the long-term value of their properties.

 

Program Overview

• What It Is:
  The HOPER Solar Panel Grant program provides financial assistance to eligible property owners who are BUYING or REFINANCING their home for the installation of solar panels. This initiative aims to lower energy costs, boost property appeal, and promote sustainable living.
• Why It Matters:
  Properties with solar installations not only offer long-term savings on energy bills but are also becoming highly sought after in today’s eco-conscious market. As more buyers prioritize energy efficiency, solar-equipped homes can stand out and potentially command higher values.

 

Key Benefits for Realtors

• Enhanced Marketability: Listings that feature solar panels can attract buyers looking for modern, cost-efficient, and environmentally friendly homes.
• Increased Property Value: Solar installations can significantly increase property value by reducing utility costs and appealing to green-minded buyers.
• Competitive Edge: By highlighting the benefits of the HOPER grant, you can differentiate your listings and provide added value to your clients.

 

Key Takeaways for Buyers:

• Grant Amount: 3.5% up to $13,000.00 to be used for Down Payment, Closing Costs, Interest Rate Buydown, and/or Debt Payoff.
• Solar Tax Credit: Buyers can qualify for an additional federal tax credit ranging between $10,000.00 to $15,000.00. 
• Monthly Electric Savings: The average electric bill in this area is around $250/month, meaning the solar payment (assuming ~$200/month) would be offset by the electric savings.

Let’s help your clients turn their dreams into reality! Contact Team No Limit today to learn more or get started!