Generator Financing
How to Pay for Your Generator.
There are quite a few different options that can be used to pay for your generator and generator install. Ready Power takes cash, checks and many credit cards. We understand that not everyone may have easy access to pay for this investment without credit cards or financing, so here is some additional information that can help with funds for this purchase.
A back up generator is an investment that can protect you and your home in the case of a power failure. Aside from the peace of mind that backup power gives you, there is also the increase in home value that can come with adding a home generator to your property. Different sites, like Consumer Reports, have done research showing that you can expect to see a 3-5% increase in the value of your home after a professional installation of a generator.
Using a HELOC (Home Equity Line of Credit) Cash-out refinance or Home Equity Loan
A home equity line of credit (HELOC) Cash-out refinance or Home equity loan allows you to borrow from your home’s hidden value, for other purchases. Most homeowners that use this option use the funds to make additions, improvements, or various repairs to their property. A benefit for this type of credit is that the interest you pay on home equity loans and HELOCs may be tax deductible (please consult your tax advisor for your specific situation) if the money is used to remodel, repair, or otherwise improve the value of the home. Each of these options are different and have pros and cons that need to be considered. Please do your research with your current mortgage lender, as well as competing lenders to see if one of these options makes sense for your circumstances.
Lowe’s Advantage Card
Ready Power is a trusted installer of generators purchased at Lowe’s. There are a few different options for payment with a Lowe’s advantage card. Customers with a current Lowe’s card should check with card services for any specials that can be applied to the generator purchase. You may also apply for a Lowe’s credit card to take advantage of the different promotions that they offer for special financing programs, some promotions have low percent interest rates, depending on your credit history. See Lowes.com for more details.
Synchrony Credit
Ready Power works with Synchrony Credit to help our customers who need to finance their generator. See below for more details.
Interested in Financing Your New Generator?
Ready Power works with Synchrony Credit to help our customers who need to finance their generator. Throughout the year, we may have different promotional financing offers to help with your purchases. A Synchrony Credit can bring such benefits as a simple application process, an open credit line for future purchases, and convenient monthly payments that can expand your purchasing power.
Be Ready – Get Ready Power.
For more than a decade, Ready Power has helped your friends and neighbors keep the lights on all around Gulf South region. Read our reviews here or contact us today to find out how we can provide you with the peace of mind that comes with back up power.