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FINANCING THE COST OF IMPACT WINDOWS & DOORS

Purchasing impact windows and doors are an excellent investment for home and business owners in Florida. Impact windows and doors are among the best ways to improve safety by keeping you well-protected against the destructive force of a hurricane.

However, the high cost of these products makes it difficult for many people to purchase impact windows and doors outright.

The average price of a single-hung window costs between $500 and $600 (materials only.)

Just one impact door can range between $1,500 to $1,900, depending on the size needed.

Fortunately, you can choose from a variety of different financing options to help you purchase these products without a significant amount down. Taking the time to find the best financing option for you is essential. By doing a little research now, you’ll save both money and unnecessary headaches in the long run.

Available Financing Options

Choose from several different financing options to help you with your purchase of impact doors and windows. Alco Windows and Doors is a proud partner with Ygrene Financing, Renew Financial and GreenSky Programs

Understanding the pros and cons of using these financing options is essential in determining which organization is the best choice for helping you purchase impact windows and doors.

Ygrene Financing

Ygrene Financing is an excellent option for Florida residents, as you can apply online and get approved within 30 minutes. The approval process hinges on an assessment of your property and your ability to make payments.

You will not have to pay any upfront fees, which is especially beneficial for many property owners. All payments get lumped in with your property taxes, and you can also choose from flexible repayment plans to help lower your bill each year.

However, it is essential to understand that you will pay more in interest by extending your loan. You can learn more about the details of Ygrene Financing by checking out our blog post.

Renew Financial

Renew Financial is another option to help you finance your home improvement projects with impact windows and doors. The approval process is much easier compared to traditional loans. No minimum FICO score is required, and the soft credit pull will not impact your credit score rating.

You will never have to worry about variable interest rates. You can also choose longer-term financing if you need to lower your yearly payments.

The main disadvantage of taking this route is that it will cost you more money in the long-term. Always reading the details of the contract is essential to help you prepare your budget. Failure to pay off your loan during the promotional period can also result in higher interest rates, which will cost you more money in the long-term. You can learn more information about Renew Financial by visiting our blog post.

GreenSky Programs

GreenSky Programs is one of the leading service providers that offer low-interest loans up to $65,000 in the state of Florida. The quick funding process makes it easy to begin the installation process of your impact windows or doors.

GreenSky Programs also offers a seven-year promotional period that will defer your interest, saving you a significant amount of money. This promotional period provides an excellent opportunity to pay off your loan without the added interest. You can easily apply online at your convenience.

The main drawback of using GreenSky Programs is that it requires a hard credit pull, which can negatively impact your credit score. Visiting our blog post about GreenSky Programs is an excellent resource to learn more information.

Tax Breaks and Incentives for Using Impact Windows and Doors

Investing in the installation of impact doors and windows is a popular option due to the tax breaks and incentives. The Florida PACE Funding Agency is a government program that helps homeowners obtain the necessary funding for home improvement projects that improve energy efficiency or protection against hurricanes.

You may also qualify for energy tax credits by upgrading to impact doors and windows.

Overview of the Florida PACE Funding Agency

Purchasing impact windows and doors offer many benefits, but it is also expensive. However, the Florida PACE Funding Agency makes it much easier for Florida residents to afford impact products with a fixed-rate loan covering the installation, materials, and labor for this project. Typically, it takes between ten to twenty years to pay back the loan, as it is added to your property taxes each year. Homeowners aren’t required to make a down payment, as the interest rate is usually between 6%-9%.

All closing fees come included in the total cost, which helps to keep everything simple. The pre-approval process usually takes less than 30 minutes, and it doesn’t require a minimum credit score.

Qualifications for Energy Tax Credits

Choosing to invest in impact windows and doors may also qualify your home or business for energy tax credits. For example, you can claim a tax credit for at least 10% of the cost of using qualified energy efficiency improvements for your home in Florida.

Over time, this can save you a significant amount of money by choosing to purchase impact windows and doors for your home.

Choosing the Right Impact Products Installer

Alco Windows & Doors is one of the leading companies that specialize in impact windows and doors for customers in Miami, Florida, and the local area. Our main goal is to give your home or business the ultimate protection against hurricane-force winds with our impact products. 

We also take pride in always offering top-quality customer service. We have many years of experience in the industry. You can also reach out to us at any time if you have any questions or utilize our free resources to learn more about the many advantages of using impact windows and doors. 

Send us a message today to learn more or give us a phone call to begin your next renovation project!

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