Financing & Incentives
Explore financing options and incentive programs for your construction project
Building or renovating your property is a significant investment. We've compiled comprehensive information about financing options, tax incentives, and rebate programs to help make your project more affordable.
Financing Options
Construction Loans
Short-term financing specifically designed for new construction projects. These loans typically convert to traditional mortgages upon completion.
Advantages:
- • Interest-only payments during construction
- • Funds released in stages as work progresses
- • Single closing option available
- • Competitive interest rates
Requirements:
- • Detailed construction plans and budget
- • Licensed contractor (like us!)
- • Down payment (typically 20-30%)
- • Good credit score
Home Equity Loans & Lines of Credit
Perfect for renovations and additions, these options let you borrow against your home's existing equity.
Home Equity Loan:
- • Fixed interest rate
- • Lump sum payment
- • Predictable monthly payments
- • Best for defined project costs
HELOC:
- • Variable interest rate
- • Draw funds as needed
- • Pay interest only on what you use
- • Ideal for phased projects
Renovation Loans (203k & HomeStyle)
Government-backed and conventional loans that combine purchase/refinance with renovation costs in a single mortgage.
- • FHA 203(k): Lower down payment requirements, ideal for major renovations
- • Fannie Mae HomeStyle: Higher loan limits, more property types eligible
- • VA Renovation Loan: For eligible veterans, no down payment required
Tax Incentives & Rebates
Federal Tax Credits
Solar Investment Tax Credit (ITC)
30% credit for solar panel installations through 2032
Energy Efficient Home Credit
Up to $5,000 for qualifying energy improvements
Heat Pump Tax Credit
Up to $2,000 for high-efficiency HVAC systems
Florida & Local Incentives
Property Tax Exemption
Solar installations exempt from property tax assessment
Sales Tax Exemption
No sales tax on solar energy systems
PACE Financing
Property-assessed financing for energy improvements
Insurance Premium Discounts
Building to modern hurricane standards can significantly reduce your insurance premiums. Our construction methods typically qualify for these discounts:
Wind Mitigation
- • Hip roof design: 10-20%
- • Hurricane straps: 15-25%
- • Impact windows: 10-15%
Building Code
- • FBC compliance: 20-40%
- • Fortified designation: 20-30%
- • Elevated construction: 10-15%
Safety Features
- • Security systems: 5-10%
- • Fire suppression: 5-15%
- • Smart home tech: 5-10%
Recommended Lenders
We've built relationships with lenders who understand construction financing and offer competitive rates for our clients:
Local Banks
Community banks familiar with Southwest Florida construction
Credit Unions
Member-owned institutions with competitive rates
National Lenders
Major banks with specialized construction loan departments
Ready to Explore Your Options?
Our team can provide detailed cost estimates and connect you with trusted financing partners.
This information is provided for educational purposes only. Tax incentives and financing options may change. Please consult with financial and tax professionals for advice specific to your situation.