Just like so many things in life, the answer is, “It depends!” When choosing a solar loan, you’ll want to ensure you have the flexibility to make your debt payments despite any financial situation life may throw at you.
It is generally a good rule of thumb to minimize your mandatory monthly payment by choosing a longer amortization period so you can avoid an incremental monthly financial burden. At the same time, you’ll want to ensure the loan you choose provides you the flexibility to pay down the outstanding principal at a faster rate if you do have the capacity.
You can find out more about the differences between Atmos Tax-Advantaged & Simple Amortizing Loans here.