Solar loans with high interest rates are increasingly offered with much lower fees, which is making loans with higher interest rates more affordable than they may initially seem, according to EnergySage Intel’s latest Solar & Storage Marketplace Report.
While a low interest rate is a welcome sight for most borrowers, it doesn’t always translate to the lowest overall cost. It’s important to look at the annual percentage rate (APR) on your loan, which considers all of the fees, closing costs, and your interest rate together to determine the actual cost of the loan.
A loan with a higher interest rate but lower fees may actually be c