By Phil Ganz
Edited by Ryan Skerritt
The $13,000 FHA Simply Solar Program offers Florida homebuyers up to $13,000 (3.5% of purchase price) that they can use for anything—whether it’s a down payment, paying off debt, or building savings.
By integrating solar panel costs into the mortgage, this program also eliminates energy bills and provides a 30% Federal Solar Tax Credit.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
It’s a unique opportunity to reduce upfront costs, save on utilities, and increase financial flexibility while buying a home.
What is the $13,000 FHA Simply Solar Loan Program?
The $13,000 Simply Solar FHA Program helps homebuyers by providing $13,000 that can be used for anything, such as a down payment, paying off debt, or saving for the future.
The program also allows you to include the cost of solar panels in your FHA mortgage, so there is no need for separate financing.
With this program, you can eliminate your energy bill by using solar energy and also qualify for a 30% Federal Solar Tax Credit to reduce your costs.
It’s a simple way to save money, make homeownership more affordable, and add value to your home.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
Program Benefits
This program offers big financial and energy savings for Florida homebuyers. Here’s how it can help you.
Earn Up to $13,000 for Anything You Need
When you complete the required education and mentorship, you can earn up to 3.5% of your home’s sale price, up to $13,000. You can use this money for anything, like a down payment, closing costs, or adding to your savings.
For example, if you’re buying a $300,000 home, you could receive $10,500 to help with upfront costs.
Lower Monthly Energy Bills
Solar panels can cut your energy bills by a big amount, saving you money every month.
Many homeowners save $200 or more each month, which adds up to $12,000 over five years. This means you can keep more money in your pocket while reducing your energy use.
Get a 30% Federal Tax Credit
When you install solar panels, you qualify for a federal tax credit that covers 30% of the installation cost.
For example, if your solar system costs $40,000, you could get a $12,000 tax credit. This credit reduces your tax bill and helps make solar more affordable.
Increase Your Home’s Value
Homes with solar panels often sell for more because buyers like the lower energy costs. Solar panels can increase your home’s value by about 5%.
For example, a $300,000 home with solar panels could sell for an extra $25,000 compared to a similar home without them.
Simplify Your Financing with Solar Included
The cost of solar panels is added to your FHA loan, so you don’t need to take out a separate loan. This means you pay for everything in one monthly payment.
For instance, instead of paying $30,000 upfront for solar, the cost is included in your mortgage.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
How the $13,000 Simply Solar FHA Program Works
First you should work with a qualified loan officer to find eligible properties and start the financing process.
Then, you complete a 6-8 hour online course to learn about homeownership and solar energy.
Next, a solar expert will check your home to make sure solar panels can save you money and confirm your eligibility.
After that, the cost of the solar panels is added to your FHA loan, so you don’t have to pay upfront.
Once you close on your home, the solar panels are installed within 90 days, allowing you to start saving on energy right away.
With lower utility bills, a 30% Federal Solar Tax Credit, and $13,000 to use however you want, the program makes homeownership more affordable and sustainable.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
Program Requirements
The $13,000 Simply Solar FHA Program has no income limits or special restrictions, but you must meet the basic requirements for an FHA loan.
This includes a minimum credit score of 580, a 3.5% down payment, and a debt-to-income ratio below 43%.
You will also need to complete a 6-8 hour online homebuyer education course that costs $149 to learn about homeownership and solar energy.
A solar energy assessment is required to confirm that solar panels will save you money and that your home qualifies for installation.
The cost of the solar panels must be included in your FHA loan, and they must be installed within 90 days of closing.
This program is only available in Florida, in areas south of Jacksonville and north of Naples, but it does not include the Panhandle.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
Frequently Asked Questions
Do I have to pay for the solar panels upfront?
No, the cost of the solar panels is included in your FHA loan, so there is no upfront payment required. This makes it easy to afford solar without needing a separate loan.
Is the $13,000 taxable?
Yes, the $13,000 is considered taxable income and will be reported on a 1099 form. Be sure to account for this when filing your taxes.
Can I participate if I already own a home?
Currently, this program is only for homebuyers purchasing a new home. It is not available for existing homeowners.
What happens if the solar installation isn’t completed on time?
The solar panels must be installed within 90 days of closing. If the installation is delayed, you may lose your eligibility for the $13,000 incentive.
Do I need a specific credit score to qualify?
Yes, you need a minimum credit score of 580 to qualify for an FHA loan through this program. Higher credit scores may offer better loan terms.
Can I choose my own solar installer?
The program requires you to use an approved solar installer. This ensures the work meets all guidelines and that you qualify for the program benefits.
Will solar panels increase my property taxes?
In most cases, solar panels do not increase your property taxes, even though they add value to your home. Check your local tax rules to confirm.
What if I don’t want solar panels?
Solar installation is a required part of this program. Without solar panels, you won’t qualify for the $13,000 incentive or other program benefits.
Can I use the funds for something other than a down payment?
Yes, you can use the $13,000 for closing costs, paying off debt, savings, or mortgage reserves. The choice is up to you.
Is this program available statewide in Florida?
No, the program is only available in Florida in areas south of Jacksonville and north of Naples. The Panhandle is not included.
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
Next Steps
The first step is to verify your eligibility for the $13,000 Simply Solar FHA Program online. This quick check will confirm if the program is available in your area and if your property qualifies.
Once verified, contact a loan officer who will guide you through the process, help you find eligible properties, and explain how to include solar in your FHA loan.
Once your financing is approved, the solar panels will be installed within 90 days, allowing you to start saving on energy bills and enjoy all the benefits of the program.
Start now by verifying your eligibility online!
Verify Your Eligibility for the $13,000 FHA Simply Solar Loan Program
With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.
About Author - Phil Ganz
Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.
About Editor - Ryan Skerritt
Ryan Skerritt has over 10+ years of experience in the residential financing space. With over two hundred and fifty million of funded loan volume, Ryan has the skill set to help any homebuyer configure the perfect mortgage plan.
