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Residential Solar System Financing

Why lease a solar system when you can OWN for 1/3 the cost?
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Admirals Bank

Admirals Bank

The Solar StepDown Loan

Maximum Loan Amount: $25,000
(secured)

  • No equity or appraisal requirements
     
  • StepDown borrowers may request a one-time re-amortization within the first 24 months from the date of funding to lower their monthly payment. This allows them to pay down the loan with solar tax credits and incentives they may receive.
     
  • No prepayment penalties
     
  • Funds disbursed to borrower before work begins
     
  • Tax deductible interest (consult your tax advisor)
     
  • Access to a team of renewable energy financing experts

The SolarPlus Loan

Maximum Loan Amount: $15,000
(unsecured)

  • Qualifying Solar StepDown Loan customers now have an option to borrow up to an additional $15,000 through our exclusive unsecured "SolarPlus" Loan. This innovative program gives homeowners the ability to borrow up to $40,000 for renewable energy improvements.

  •  
  • Allows borrower a higher loan amount while maintaining low monthly payments.
     
  • Borrower is not required to make installment or interest payments for the SolarPlus Loan during the first 18 months from the date of funding.
     
  • Same benefits of the Solar StepDown Loan.

 

Take full advantage of solar tax credits, rebates and other incentives like many leasing and solar installation companies do.

You can even use them to help pay down your loan!

Brought to you by
Admirals Bank

Get started now!
Print and fill out this application.


Rexel Solar Financing

Rexel Financing

Flex Loan Program

Maximum Loan Amount: $65,000

No proof of income is needed on unsecured loans under $15,000. This is a great option for contractors who need a variety of solutions in one place.

  • Finance up to $65,000 with bundled same-as-cash & installment "Split Loans"
     
  • Terms out to 20 years
     
  • Fixed APR's as low as 2.99%
     
  • Numerous no interest & no payment options
     
  • Close in home in minutes
     
  • Secured "Second-Look" options available

Access multiple programs with one call including installment payments, same-as-cash options, no equity 2nd mortgages as well as programs for credit challenged customers.

Enrollment Criteria

  • $32,000 in Net Worth.
     
  • 5 Years of Work History
     
  • Satisfactory Credit for Business & Owners
     
  • Satisfactory Trade References
     
  • Licensing & Insurance Required by Law

Download The Rexel Loan Enrollment Kit

Installment+ Loan Program

Maximum Loan Amount: $55,000

This program features a revolutionary paperless application process and allows contractors to offer low monthly payments, no interest / no payment programs, special promotions designed to carry rebates or tax credits, and more.

  • Unsecured installment loans to $55,000
     
  • Fixed APR promotions from 0% to 11.99%
     
  • Numerous no interest & no monthly payment options
     
  • Close in home in minutes
     
  • Paperless application process

Enrollment Criteria

  • Satisfactory Credit for Business & Owners
     
  • Satisfactory Better Business Bureau Rating
     
  • Licensing & Insurance Required by Law

Fill Out the Application Form

 

Rexel presents these industry leading financing programs that are designed to help you increase your sales and make it easier than ever before for your customers to afford their new installations.

More and more homeowners are turning to financing as a method for paying for their solar installations

Brought to you by
Rexel


California First

CaliforniaFIRST Trusted Contractor Financing Program

CaliforniaFIRST efficiency financing offers a smart and affordable long-term financing model for a wide variety of efficiency projects.

For You

  • No enrollment cost.
     
  • Quick application-to-funding process.
     
  • Payment in two business days.
     
  • Access to training, sales tools, marketing materials and customer support.
     
  • Gain a leg up on your competition

For Your Customers

  • It’s easy. Not based on FICO score, no debt-to-income ratio required and no income verification.
     
  • It’s affordable, with competitive rates and flexible repayment terms.
     
  • It’s smart, helping them save on utility bills and increase property values.

Download the CaliforniaFIRST
Enrollment Form

 

With CaliforniaFIRST as one of your finance options, you’ll enjoy sales increases while boosting customer satisfaction.

CaliforniaFIRST financing is good for your business.

Brought to you by
California FIRST Solar System Financing
 


Benefits of Owning vs. Leasing Your Home Solar System

 
Owning vs. Leasing a Solar System

As residential solar systems grow in popularity across the country, homeowners no longer view rooftop solar panels as a luxury item. Going solar is now widely associated with increased energy savings, added property value, owning your power and producing clean energy. Unfortunately, the total cost associated with home solar may fall outside an average household budget, especially if the equipment and installation are not the only items listed on your estimate.

Homeowners that have made the decision to go green most likely have not considered the fact that additional work may be required prior to the solar panel installation. A home evaluation must take place prior to installing a solar system. The strength of your home’s roof along with the amount of sunlight it receives will be analyzed to determine your system’s size and layout. Your home’s current electrical system may also be assessed for its durability.

Often, re-roofing, tree cutting, and electrical upgrades need to be completed before a system can be installed on your home. These improvements can significantly increase the total cost of a residential installation.

Today, the three most popular methods of procuring residential solar systems are paying with cash, using a loan, or leasing. Cash is obviously the quickest and cheapest way to buy solar for your home, but in this economy, who has $20,000 - $40,000 prepared to invest?

Solar leases frequently offer no-money-down programs which allow customers to install solar panels on their homes but unfortunately do not cover the total cost of any vital home upgrades.

Aside from home equity lines of credit and personal loans which can be obtained at your local bank, residential solar loans are emerging across the country as the strongest financing option for helping homeowners purchase and own their systems. Furthermore, the total cost of any home upgrades can usually be incorporated within the total amount of the loan.

These solar loans allow homeowners to borrow up to $40,000 for residential solar and renewable energy systems. Any home improvement associated with the solar installation can be included within the total loan amount. Other energy efficient solutions such as metal roofing, insulation, windows, and doors can also be financed with these home solar loans.

Contact us toll-free at (877) 297-0014 for expert assistance.