Financing Options

Same as Cash

One of the most important factors when investing is your Cashflow Payback. When you purchase a renewable energy system Same as Cash, the amount of time it takes to recoup your initial investment is at its lowest. Basically, the system will be paid off quicker, rather than a loan or lease financing option.

Loan

• Low rates: 5.24%-10.99%APR
• Terms: 5, 10, 15, & 20 year fully amortized loans no balloons
• Unsecured Financing: no home equity needed
• Loan Amounts: $15,000-$50,000
• Reasonable Credit Criteria: FICO's starting at 670
• No Pre-Payment Penalties
• Homeowner retains ownership of the system so they are able to take advantage of the 30% Income Tax Credit (ITC), state and utility rebates and SRECs

Advantages:

• Ownership: at the end of the 20 year term, you own the system
• Pay off any time with no penalties
• No escalators
• The homeowner owns the incentives: rebates, federal income tax credits, srecs, and any other offered incentives
• Solar Tax Credits and Rebates can be applied directly toward the balance of the loan, and the balance with be re-amortized for a lower monthly payment at no cost

Lease

For Residential Meters only, Lessee must own the Premises

• 20 Year Term
• $0 Down or Partial Payment with monthly payments, or Full Pre-paid Lease available
• Range of monthly lease payment escalators (0-4.5%)
• Early Buyout option in Year 7 and at end of Lease
• Performance guaranteed

Advantages:

• Direct from manufacturer performance guarantee
• Lessor takes responsibility for insuring and maintaining system
• Early Buy Out Option

*Leasing is currently available in Pennsylvania. For Maryland Consumers, please call to inquire about Leasing options.