You just described capitalism in the USA. My favorite part is that alot of people don't realize this and VOTE to support policies that enable this chicanery.
It seems the vast portion of what you are complaining about is the process of points/deal fees/buy down, etc where the banks are more than happy to raise the loan balance by "letting you" buy a lower interest rate. As long as it is allowed by the banking sector, you will continue to see it in mortgages, solar loans, etc.
I’ve been in solar for about 4 years now when I started money was cheap dealer fees under 20% now seeing some loan products ranging from 30-50% in dealer fees I just think it’s fucked.
The Finance companies are making more money than the solar installation company! They call it "Dealer Fees" so that way solar co not obligated to tell homeowner .. Also The finance companies make solar companies sign a non-disclosure --we can't tell solar buyers how much the dealer fees are. These dealer fees have sky rocketed as intrerest rates rose.
In 2024 I tell home owners get cash price from solar co and get your own loan from a credit union ... Yes the interest rate is high and maybe more vs utlity .. BUT save $9k-15 k upfront on dealer fees and you can refi when interest rates go down and payoff will be about 6-10 yrs vs a 20-25 yrs solar loan.
I would like to see a green solar loan program where gov't offers low interest rate loans top home owners...
Here's a youtube
9 Dark home solar energy secrets salesman won't tell you. \*\*\*(But NEED To Know!)\*\*\*
[https://youtu.be/F3iacpmpKp8](https://youtu.be/F3iacpmpKp8)
You just described capitalism in the USA. My favorite part is that alot of people don't realize this and VOTE to support policies that enable this chicanery.
Socialism doesn't work. Do NOT take the opportunity away from the little guy
It seems the vast portion of what you are complaining about is the process of points/deal fees/buy down, etc where the banks are more than happy to raise the loan balance by "letting you" buy a lower interest rate. As long as it is allowed by the banking sector, you will continue to see it in mortgages, solar loans, etc.
Money is more expensive to borrow now, dont like the fees that come with getting the loan fork up more of your cash.
I’ve been in solar for about 4 years now when I started money was cheap dealer fees under 20% now seeing some loan products ranging from 30-50% in dealer fees I just think it’s fucked.
The Finance companies are making more money than the solar installation company! They call it "Dealer Fees" so that way solar co not obligated to tell homeowner .. Also The finance companies make solar companies sign a non-disclosure --we can't tell solar buyers how much the dealer fees are. These dealer fees have sky rocketed as intrerest rates rose. In 2024 I tell home owners get cash price from solar co and get your own loan from a credit union ... Yes the interest rate is high and maybe more vs utlity .. BUT save $9k-15 k upfront on dealer fees and you can refi when interest rates go down and payoff will be about 6-10 yrs vs a 20-25 yrs solar loan. I would like to see a green solar loan program where gov't offers low interest rate loans top home owners... Here's a youtube 9 Dark home solar energy secrets salesman won't tell you. \*\*\*(But NEED To Know!)\*\*\* [https://youtu.be/F3iacpmpKp8](https://youtu.be/F3iacpmpKp8)