Home improvement financing for your new deck

  • Rates starting at 8.99%
  • Up to 15-year terms
  • Borrow up to $100K
  • No prepayment penalties or hidden costs
  • No Credit Card

Making your new deck affordable.

A deck makes a great addition to your house if you want a convenient place to sit outside and enjoy the pleasant days of springtime, summer and autumn. Decks get you out in the open air and sunshine while offering indoor-style comforts and a smooth, sturdy surface for furniture. Adding a deck improves the sale price and attractiveness of your home to buyers if you eventually decide to move, too. Building a spacious, durable, low-maintenance deck is much easier if you find a contractor who is partnered with a modern financing company.

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Annual Percentage Rate

Young Couple Admiring The View of Their New Deck Installation

*Your actual rate may vary based on your credit score.  Calculator is only for estimations, your exact loan amount may vary slightly.

The Benefits You Get from Financing Your Deck Project

Getting financing offers huge benefits for you and means that your contractor won’t have to cut corners on features and quality. What’s more, it can help you quickly and affordably boost your home’s market value.

Financing Lets You Choose the Material You Prefer

Lightening the burden of payment for your deck with a good loan widens your material choices. Instead of going for pressure-treated wood, you can opt for the much superior grades of wood or one of the artificial materials. Pressure-treated lumber is cheap in up-front cost and looks fine when it’s brand new. However, it deteriorates quickly, requiring expensive maintenance and fairly rapid replacement. Better options include long-lasting, low-care exotic timber like redwood or ipe, or a quarter-century lifespan man-made aluminum, composite, or fiberglass deck.

Good Financing Sources Save You Time & Trouble

Choosing a contractor partnered with a first-rate financing company whose policies work to maximize your convenience, relieves you from excess work and frustration. You’ll enjoy a low, simple and fixed monthly payment. They also save your valuable time through conveniences like an online application, paperless billing, and rapid approvals.

You Get a Good Return on Investment for Financed Decks

Not only are decks an extremely pleasant addition to a house, giving you a handy outdoor space for sitting with friends, grilling, or even using as an open-air summer “home office,” they’re a good investment from a real estate perspective. Homeowners who add decks typically recover almost all of their expenses at closing, much more than other improvements provide. Your return on investment (ROI) from a bathroom remodel may be just 40%. The return on investment (ROI) of a deck ranges as high as 80%.

Homeowner Deck Financing FAQ

How Does Deck Size Affect Cost?

Both material and labor costs increase proportionally as the deck size grows. For very small decks of around 80 square feet, you may pay $2,500 to $3,500 for cheap materials, or $4,000 to $5,000 for top end woods or composites. A 10’ by 20’ deck may cost anywhere from $7,800 to $12,000. The most typical deck size picked by Americans, 300 to 350 square feet, is currently priced at $13,000 to $21,000.

What's the Average Price for Extra Deck Features?

Given that you can opt to have your deck personalized in an almost infinite number of ways, the average cost of deck features vary. For example, in 2019, having your deck roofed cost between $3,500 and $10,000, depending on the size and materials. Putting your deck at ground level – rather than raising it on posts – can halve its cost. Elevating it to the second story may double the price. A sunroom costs from $25,000 to $55,000. Having a quality financing option allows you to consider the features you want without having to suffer from high-interest home improvement credit cards or high out-of-pocket costs.

What is the Cost and Investment Return on a Rooftop Deck?

If well-maintained, a roof deck potentially adds 150% of its price to your home’s real estate value. Installing a deck on your home’s rooftop is a very complex job; the cheapest rooftop deck runs around $25,000, while adding several extra features can break the $60,000 level. However, rooftop decks are a rare kind of home improvement with a return of investment (ROI) higher than their cost. Financing that $40,000 rooftop deck might make your house worth $60,000 more when it sells.

Powerpay FAQ

What is PowerPay?

PowerPay is a digital lending platform for the home improvement industry. Our fully automated technology offers near-instant approvals on loans up to $100,000, helping homeowners translate expensive home improvement projects into low monthly fees that can be paid over time.

Unlike other digital lending platforms, PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

What home improvements can I finance?

Any equipment, service, installation costs or other project related to home improvement qualifies for financing. The following is a partial list of what PowerPay finances: HVAC equipment & installation, attic insulation, stone veneer, windows, siding, roofing, kitchen remodels, bathroom remodels, cabinets, carpet, deck & patio, doors, fireplaces, garage doors, smart home equipment & installation, hardwood flooring, paint & wall coverings, hardscaping, landscaping, siding & exteriors, tile, stone & countertops, air conditioning & heating, gutters, spa & pool, home additions, deck building, tile installation, basement remodeling, custom cabinets, fence installation, lighting installation, garage building, cabinet installation, backsplash installation, electrical and plumbing and appliances.

What contractors can I work with?

Any contractor can provide PowerPay financing.  If your contractor does not offer it, simply ask them to sign up on our dealer enrollment page.  It’s free for the contractor to sign up, takes only a few minutes to set up their account and they can process your loan in less than 48-hours. 

Does using PowerPay impact my credit score?

No.  When you apply for a PowerPay loan it will not affect your credit score.  PowerPay uses what’s known as a soft pull from credit agencies.  A soft inquiry—also called a “soft pull”—allows us to review your credit report and credit score to get a sense of how well you are managing your credit but it will not affect your score.

What equipment do you finance?

We work with all of the major equipment and material manufacturers.

Why should I use PowerPay?

Just like many people finance their car payments, over 50% of all home improvement projects are financed. Financing can be a great payment option when your dream project costs too much money to pay for all at once. Using PowerPay, you can translate that expensive lump sum into a low, affordable monthly payment. The result is the opportunity to stop worrying about what a project costs, and spend more time dreaming about the possibilities for your home.

What makes PowerPay different?

PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

How do I buy with PowerPay?

It’s easy. You can either work through your participating contractor or contact us directly.  Follow our simple application process. If you pre-qualify, you’ll be shown the monthly cost of the item and can complete the process.

Where do I apply?

You can apply on our website at our online application form. Or, simply work with any participating contractor.

How can I get approved for a loan?

Just fill out the simple online application and receive a decision in seconds. It’s that easy.

Who is eligible to apply for PowerPay?

U.S. residents over the age of 18 (or 19 for Alabama or Nebraska residents) are eligible, provided we can verify your identity.

Can I pay my loan back early?

Yes. You can prepay anytime for all or part of your loan. There is never a penalty for paying early.

What is the application process like?

The application process is fast and easy. You’ll be asked to provide some basic information about yourself. If you qualify, you will receive an email with one or multiple loan options along with a loan limit that may even go beyond the cost of your project. You may opt to borrow more and add things like annual maintenance and monitoring to your loan.
Where applicable, there is a one-time member activation cost for each approved loan. For convenience, that cost can be rolled into the final loan balance. As a PowerPay member, you also get exclusive access to member benefits from our lender, including insurance, monitoring, utility, & entertainment partners. Your contractor will walk you through the details prior to signing. All of the documents are electronic so you can sign everything from your home or office without any paperwork.

How does the financing work?

Fill out our online application and receive an instant approval via secure private email. Next, select the plan you want to choose with your contractor and then receive and sign our secure paperless closing documents. 

Can I obtain a direct loan using PowerPay?

Yes.  PowerPay is available to help to finance a home improvement through participating contractors, but if you do not have a participating contractor, we can help connect you to one in our network. Alternatively, your current contractor can enroll with us and be up and running in less than 48-hours.

Is PowerPay a bank?

No, we are not a bank. We are a digital lending platform designed specifically for the home improvement industry.

Are payments secure?

It is very important to us that your personal information remains secure and encrypted. We install endpoint protection software and/or secure web gateways at all points in our online process. There is a data protection policy in place to help ensure that personal data is kept secure.

How do I make payments?

Once your loan is processed you will receive your loan documents, welcome package, and payment instructions. You can pay with ACH, check, or debit card.

How is the APR (annual percentage rate) determined?

We work with our lender network to look at the credit risk of you as a borrower, and to give you a rate that fits your credit profile. Your financing options are presented to you in clear, simple terms. You are never obligated to accept them. Unlike many platforms that offer credit cards, PowerPay strives to offer lower-risk borrowers with lower rates. The annual percentage rate is the cost of credit as a yearly rate.

Why was I declined for a loan?

Unfortunately, financing options can’t be provided to everyone. If you believe a mistake has been made, please let us know by contacting 800-397-4485. If you are declined, you will receive a notice within 30 days at the email address you provided to us, describing some of the reasons you were declined. Applicants are declined only for credit reasons.

Where can I ask a question or make a complaint?

Please let us know right away. If we have fallen short of our goals, we’d like to know as soon as possible so that we can rectify the situation. You can call us at 800-397-4485 or chat online 24 / 7.

When are my payments due?

Your first payment will be due approximately 30 days from the funding date. Subsequent payments are due every month after that, usually on the same day of each month.

Is PowerPay a credit card?

No. PowerPay is a consumer loan program. You do not need to hold and manage yet another credit card when you work with PowerPay.