Use this to figure your debt to income ratio. A debt ratio greater than or equal to 40% is generally viewed as an indicator you are a high risk borrower. The number one rule of personal finance is to earn more money than you spend.
Adding solar panels can qualify you for a federal tax credit. In general, home improvements such as a roof replacement do not qualify as a tax deduction. However, installing solar panels or green technology on your roof will qualify you for federal and possibly state energy tax credits. An energy-efficient roof also means lower utility bills.
One of our consultants can survey your roof and determine if it provides a good situation for solar panels. If your roof needs to be replaced in order to accommodate your solar system, there is a possibility that this added expense will qualify for the federal 30% solar tax credit.